Words: Ashley Rigg
Published: 18th September 2009
Chinese property sales rise 53%
The Chinese National Bureau of Statistics is reporting that property transactions are up 53% in the first six months of the year compared to the same period in 2008.
Transaction volumes were up by an even greater percentage in the major cities including Shanghai and Beijing, reports the Examiner.
Property is a key form of wealth holding for the Chinese and optimism about house prices is fuelling a increasing of Chinese nationals buying overseas, particularly in cities where their children are at university.
Full story on the
Examiner.
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