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The real estate is a very big part for each country's economy . And it is also impact on the individual property . Real estate in China is developed and managed by public, private, and state-owned red chip enterprises. As of 2015 the market was experiencing low growth and the central government had eased prior measures to tighten interest rates, increase deposit and impose restrictions .
Latest data for China real estate information
In the first seven months, sales rose 16.8 percent year on year to 3.48 trillion yuan (US$545 billion), accelerating from 12.9 percent growth in the first half and 5.1 percent in the year through May, the bureau said in a statement on its website
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The average home price in the 70 cities rose more slowly in July, or down by 0.2 percentage points for new properties compared with June’s growth and by 0.1 percentage points for pre-owned homes, said Liu Jianwei, a senior statistician at the bureau, without giving specific growth figures.Backed by robust residential sales around the country over the past few months, China’s property market has bottomed out from a downturn after several stimulus policies launched by the central and local governments since late last year began to take effect.
Investment in residential development, meanwhile, accelerated its growth for the first time since 2014. More than 3.53 trillion yuan was invested in housing development across the country in the first seven months of this year, a year-on-year rise of 3 percent. It picked up from a 2.8-percent gain registered in the first half, according to the bureau's data.
When this report was written, the Chinese mainland’s real estate was beginning to see signs of a slow recovery, with an increase in new home sales and an increase in price in a growing number of cities.The figures do not include transactions involving government-subsidized affordable housing. Sales by area in the period increased 6.9 percent from the first seven months of last year to 530 million square meters. Again, that represented an acceleration from 4.5 percent in the first six months and level growth in the January-May period, the bureau said
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