USEUROPEAFRICAASIA 中文双语Français
Home / Business

Realtors get inventive to beef up sales amid property slowdown

By Huang Ying and Hu Yuanyuan | China Daily | Updated: 2014-11-24 06:54

China's real estate market is due to come under pressure next year because of the slowdown in economic growth, with property developers strengthening their marketing campaigns to stimulate sales.

The total contracted sales of the residential property market are expected to decline by 5 to 10 percent this year compared to 2013, largely due to the drop in sales volume, according to a report by Moody's Investors Service.

"China's weak residential property sales year-to-date were largely driven by lower transaction volumes. We expect price pressure to increase over the next few months," said Franco Leung, vice-president and senior analyst at Moody's. "Many of the 70 major cities are expected to report month-on-month price declines over the next few months."

Realtors get inventive to beef up sales amid property slowdown

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US