chinadaily.com.cn
left corner left corner
China Daily Website

Beijing pre-owned home sales may reach 24-month high

Updated: 2013-01-28 18:53
( chinadaily.com.cn)

Sales of pre-owned homes in Beijing may reach a 24-month high in January, real estate agency Century 21st said in a report on Monday.

According to statistics from the Beijing Municipal Commission of Housing and Urban-Rural Development, 17,723 pre-owned homes were sold by Sunday, up 3.5 percent from the same period in December, while transactions in December reached a 23-month high.

Zhang Lei, an analyst with Century 21st, said more buyers, expecting another price increase, jumped into the market, transforming the traditional flat season into a "hot" one.

"But if prices continue to go up greatly, transactions may drop," Zhang added.

Related stories:

Rise in home prices recorded in most cities

Large cities see home prices rise

Beijing home sales grow 50% in first 11 months

Home sales rebounded in Nov

Beijing's high-end homes sales up in Q3

 

8.03K
 
...
...
...