The Chinese government can not curb the rise in housing prices in Shanghai

07.06.2010 11:30
In May, the price index for the secondary residential property in major cities in China rose by 0,2% on the previous month.

Shanghai housing continues to rise in price, although the pace of this growth has been reduced to a minimum. In April, the level of monthly price rises on "secondary housing was greater than in May - 0,7%.

In the heart of the city the cost of housing rose by 1,4-2,1% compared with April, while on the outskirts of Shanghai, prices have fallen by an average of 1%, says Prian citing official statistics.

Measures of the Chinese government for "cooling" the real estate market has led to a dramatic reduction in the number of housing transactions in Shanghai in May, but at the price it has not yet affected.

Content tags: Housing
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