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BEIJING Cheap Nike Air Max 95 , May 22 (Xinhua) -- With housing prices and sales stagnating in China's major cities following tough property controls, smaller cities are starting to join in.

Last weekend, property sales were restricted in several second- and third-tier cities, as speculators shift their attention to these areas.Around 30 cities have introduced sales restrictions to different extents.

In Baoding, a city in north China's Hebei Province Cheap Nike Air Max 90 , certain properties are subject to a 10-year lock-up period before they can be resold.

In Jiaxing, a city in east China's Zhejiang Province, non-residents will not be able to resell houses within two years of buying them.

With such restrictions, speculators who use borrowed money to invest may have to reconsider, as it now takes much longer for the houses to generate returns and pay back the loans Cheap Nike Air Max , said Zhang Dawei, an analyst with Centaline Property.

Smaller cities have become the main battleground as China strives to contain housing price rises through restrictions on purchases and increased minimum down payments. In Beijing, for example, the down payment ratio for second homes was raised to 60 percent in mid-March, a measure considered "unprecedented."

Dozens of cities now have price caps and credit limits.

Latest data showed that the curbs may be taking effect. In 30 of 70 large and medium-sized cities surveyed Cheap Air Max 1 , price rose more slowly year on year in April, six more cities than in March, according to the National Bureau of Statistics (NBS). Prices in 31 cities declined in April or grew more slowly in April, said the NBS.

The trend in smaller cities is quite different. In April, prices for new houses in third-tier cities expanded 0.4 percentage points faster than March Cheap Air Max 97 , with smaller cities such as Qinhuangdao and Baotou leading the gains.

"Control of the housing market in major cities has had a spillover effect on smaller cities, boosting demand," said Ding Zuyu, chief executive of E-House China, a real estate agent.

Extending restrictions from major cities to nearby smaller cities can relieve the spillover somewhat and avoid irrational speculation in these cities Cheap Air Max 95 , said Ding.

In an interview with Xinhua last month, Ning Jizhe, vice head of the national economic planner, said while progress had been made in containing the housing market, there were still some "deep-rooted structural problems."

"There is still upward price pressure in first and second tier cities Cheap Air Max 90 , and it will take a long time for third and fourth-tier cities to digest their inventories," he said.

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Thu Oct 11, 2018 12:17 am

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Post Re: Cheap Air Max 90
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