- CNTV English - CCTV News

More consumers expect housing prices to drop

08-13-2010 08:47 BJT

Watch Video

Play Video

The NBS and Nielsen survey also found that in the second quarter, consumers in major cities expecting property prices to fall outnumbered those anticipating a further rise.

In the first tier cities, 41 percent of consumers expect the prices to decline over the next 12 months, while 36 percent envisage an upward trend. That's a 24 point decrease from last quarter. In the meantime, consumers' willingness to purchase a house is on the rise, but less preferred to renting an apartment.

Experts say increasing rental costs, as well as a series of government efforts to cool the property sector, both affected consumer choices.

Pan Jiancheng, Deputy Director of China Economic Monitoring Center, NBS said "The figures indicate that in the first tier cities, most consumers expect property prices to drop. This also shows that the recent government tightening policies on the property market have had impacts on urban consumers."

Editor:Xiong Qu |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program