. Earth Science News .




.
POLITICAL ECONOMY
Housing prices resilient in Chinese cities
by Staff Writers
Shanghai (AFP) Oct 18, 2011


Prices of new homes in Chinese cities remained resilient in September despite Beijing's efforts to cool the property market, official data showed Tuesday.

The cost of new homes in 24 out of 70 Chinese cities tracked by the government rose in September, compared with 23 cities in August, the National Bureau of Statistics said in a statement.

However, the month-on-month increase in prices in the 24 cities was no more than 0.3 percent, it said.

Independently compiled data released Tuesday by Soufun Holdings, a real estate website operator, showed average prices for new homes nationwide dropped for the first time in a year.

Average prices of new homes in 100 cities tracked by Soufun fell 0.03 percent in September from a month earlier.

"The trend of prices falling will become more obvious in the fourth quarter," Soufun said in a report, adding that the chance of Beijing easing its curbs on the property market is "very slim".

Separately, bureau data showed new home prices in another 29 cities were stable in September from August, while only 17 cities recorded price falls.

In August, prices in 31 cities were flat from the previous month and 16 cities saw price falls.

Soaring property prices are a major source of official and consumer concern in China, with housing costs rising out of the reach of many people and threatening to spark social unrest in the country of more than 1.3 billion.

China has introduced a range of measures aimed at reducing prices, such as bans on buying second homes in some cities, hiking minimum down payments and introducing property taxes.

But officials are treading carefully as the real estate sector is a major driver of economic growth and land sales to developers are an important source of revenue for cash-strapped local governments.

The bureau said 69 cities saw new home prices rise on a year-on-year basis in September.

In Shanghai, the nation's commercial hub, new home prices rose 3.1 percent on the year last month, picking up from 2.8 percent in August.

Related Links
The Economy




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries




.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



POLITICAL ECONOMY
China's growth slows in Q3
Beijing (AFP) Oct 18, 2011
China said Tuesday its economic growth slowed to 9.1 percent in the third quarter as government efforts to tame inflation and turbulence in Europe and the United States curbed activity. Growth in the world's second-largest economy slowed from 9.5 percent in the second quarter to its lowest rate in two years, the National Bureau of Statistics (NBS) said. Analysts said the rise in gross do ... read more


POLITICAL ECONOMY
Fukushima city begins decontamination of homes

Gas blast kills 11 miners in north China: Xinhua

Radioactive emissions from Fukushima plant fall: TEPCO

UN atomic team urges efficiency in Japan decontamination

POLITICAL ECONOMY
Apple profit soars but misses high expectations

China rare earths giant halts output as prices fall

Camera lets people shoot first, focus later

A hidden order unraveled

POLITICAL ECONOMY
Researchers explore plankton's shifting role in deep sea carbon storage

Far more bluefin sold than reported caught: report

Far more bluefin sold than reported caught: report

Pesticides pollute European waterbodies more than previously thought

POLITICAL ECONOMY
US probes mystery disease killing Arctic seals

NASA Continues Critical Survey of Antarctica's Changing Ice

Research shows how life might have survived 'snowball Earth'

Rising CO2 levels at end of Ice Age not tied to Pacific Ocean

POLITICAL ECONOMY
Method of studying roots rarely used in wetlands improves ecosystem research

Chinese wine students are boon for Bordeaux

Chinese activists save 1,000 dogs from slaughter

Feeding the world while protecting the planet

POLITICAL ECONOMY
Earthquakes generate big heat in super-small areas

Wary Bangkok bolsters flood barriers

Underwater volcano erupts off Spanish coast

Thai capital's barriers hold but floods still menace

POLITICAL ECONOMY
Kenyan forces advance on strategic Somali rebel bases

Kenyan forces hunt militants deep inside Somalia

Planned Tanzanian soda ash plant threatens flamingoes

Obama risks miring US in an African war: McCain

POLITICAL ECONOMY
Children prefer cooperation

Differences in jet lag severity could be rooted in how circadian clock sets itself

100,000-year-old ochre toolkit and workshop discovered in South Africa

Children, not chimps, choose collaboration


.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2011 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement