According to the state radio station, local governments should set benchmarks for monitoring the prices of property in accordance with local income levels and to publish these guidelines in the I quarter. "Local governments should take responsibility for the stable and healthy development of the real estate market", - told the radio station, quoting a summary of government meeting.
Related article: People's opinion: 6 hectare have more Turkish coastSince late 2009, China has already introduced control measures, including raising down payments and mortgage rates to cool the property market. Banks will require second-home buyers down payment in an amount not less than 60% instead of 50%, as it was before.
Inflation in the Chinese real estate market in December slowed to 6.4% from November's 7.7%. However, the overall trend remains upward: a monthly basis prices rose by 0,3%.