Chinese property bounces back

Chinese property bounces back

After slowing down in May, it has been reported that growth in the Chinese property market actually increased last month.

According to calculations made by Reuters, which were based on figures from the National Bureau of Statistics (NBS), the property market grew by 7.9% in June – an increase of 0.6% from May.

China property slows

These figures prove that the Chinese property is more resilient than initially thought. The Reuters calculations indicated that property sales

Growth in property investment, which mainly focuses on residential but also includes commercial and office space, accelerated to 7.9 percent in June from a year earlier, compared to a 7.3 percent expansion in May, according to Reuters calculations based on data from the National Bureau of Statistics (NBS).

Real estate investment is a major driver of the economy affecting more than 40 other sectors. But worries over the potential bursting of price bubbles in China’s biggest cities have led to a raft of government cooling measures in recent months, as buyer demand appeared to be more resilient than expected.

Chinese outward investment continues

Despite the recent efforts by the Chinese government to curb property prices, mortgage lending rose to 738.4 billion yuan in June from 610.6 billion yuan in May, again according to Reuters calculations – but this time based on figures recently released by China’s central bank.

In fact, a recent survey undertaken by China’s central bank revealed that 31.2% of Chinese households expect housing prices to rise in the third quarter of this year, while 46.1% of households expect them to remain the same.

Self-certified Sophisticated Investor

Please read

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:

I am a self-certified sophisticated investor because at least one of the following applies:

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments.

High Net Worth Investor

Please read

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:

STAY AHEAD OF THE MARKET

Sign up for first access to new developments and exclusive property investment opportunities.

We send limited and targeted emails on new launches and exclusive deals which best fit your areas. We are trusted by over 30,000 active buyers as their source for new stock.

  • New property developments
  • Professional market reports
  • Property deal alerts
  • Development updates
Manchester property investment

FIRST FOR NEWS AND KNOWLEDGE.

Receive trending news straight to your inbox and stay up to date on all of the property market trends and advice.

Established since 2005 we are a leading voice of authority and commentary on the UK property market. Our news is trusted by Apple News & Google News.

  • UK housing market
  • Mortgage & money
  • Buy-to-let landlords
  • Guides & advice

Talk to us

Speak to our UK property experts today:

 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

 

+852 6699 9008

Open from 9am-6pm HKT