Join us for FREE and access exclusive investments and property investment resources
Join IPIN here
Access exclusive opportunities that are only available to IPIN Members
Find out more
We never share your data with any third parties.
*Note: IPIN investment opportunities are available subject
to location and certain knowledge / experience criteria.
real estate investment opportunities
National Bureau of Statistics
Peter Bai Hongwei
China International Capital
Chinese Property Prices
House prices in China fell for the fourth month in a row in December 2011, new figures have revealed. Statistics compiled by China Real Estate Index System and SouFun Holdings show average values dropped in 60 of the 100 cities examined compared with November, with the average price standing at 8,809 yuan (GBP 894.50) per square metre of space - a trend that may lead to real estate investment opportunities for some buyers.While average home values in China were up by almost 2.9 per cent in December compared with the same month in 2010, this was a lower rate of growth compared with an increase of just over four per cent in the 12 months to November 2011, Dow Jones reported. In all, 37 Chinese cities recorded a monthly rise in house prices, with three locations seeing no change.Peter Bai Hongwei of investment bank China International Capital told Bloomberg that he believes property prices will reach their lowest level in the third quarter of this year. However, he added: "It's actually very hard to tell whether China's property market will succeed a soft landing." The report comes as cities such as Shanghai mull the possibility of continuing measures to restrict house purchases in 2012. Mr Bai said: "Property is likely to be the last sector that the government will relax policies this year."The figures follow a publication issued by the National Bureau of Statistics (NBS) last month pointing to a drop in both new and existing home sale prices in November compared with October. Prices of newly-built houses fell in 49 of the 70 cities assessed by the agency, while those of second-hand residences decreased in 51 locations. The NBS's figures replaced China's previous national property price index - which included data on median house values - in February last year.
Subscribe to IPIN Live by Email - Get our News & Blog updates delivered directly to your inbox - click here
*This page is provided for information purposes only and should not be construed as offering advice. IPIN is not licensed to give financial advice and all information provided by IPIN regarding real estate should never be treated as specific advice or regulations. This is standard practice with property investment companies as the purchase of property as an investment is not regulated by the UK or other Financial Services Authorities.