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CHINA> National
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China's housing market recovers
(chinadaily.com.cn)
Updated: 2009-07-07 18:06 The Chinese housing market has rebounded to what it was two years ago, the Xinhuanet.com reported today, citing latest data.
Beijing, Tianjin, Chongqing, Wuhan and Hanghzou showed a 100-percent year-on-year jump in the rate of transactions. In Shenzhen, the figure exceeds 150 percent, according to the data. It is believed that falling housing costs last year and added financial support to personal loans are two reasons for the boost in the market. |
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