Home / English Column / Business (new) / In Industry / Real Estate Tools: Save | Print | E-mail | Most Read
Housing Prices Continued Upward Trend in 4th Quarter
Adjust font size:

In the fourth quarter of 2005, house prices in 70 major Chinese cities rose 6.5 percent year-on-year, the China Securities Journal reported Tuesday.

 

The figure was jointly released by the National Development and Reform Commission (NDRC) and the National Bureau of Statistics (NBS).

 

The growth rate was 0.4 percent higher than that of the previous quarter, according to the statistics.

 

In December alone, the growth rate of house prices was 6.2 percent, which was 0.6 percentage point lower than that of November 2005.

 

In the fourth quarter, the prices of newly-built houses rose 7.5 percent year-on-year, 0.7 percent higher than that of the previous quarter.

 

Meanwhile, the prices of second-hand houses grew 5.8 percent year-on-year, 0.9 percent lower than that of the previous quarter.

 

During the same period, the house rent price grew 1.6 percent year-on-year, which was 0.5 percent lower than that of the previous quarter. The land trading price grew 7.9 percent year-on-year, 1.9 percent lower than that of the previous quarter.

 

(Xinhua News Agency February 8, 2006)

 

Tools: Save | Print | E-mail | Most Read

Related Stories
Real Estate Market Policy Pays Off
Property Industry to Witness Accelerated Downward Trend
Housing Prices of 70 Cities up 6.8 % in November
Curbing Runaway House Prices
Property Survey: Chinese Now Showing Restraint
 
SiteMap | About Us | RSS | Newsletter | Feedback
SEARCH THIS SITE
Copyright © China.org.cn. All Rights Reserved     E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP证 040089号