Buyers hold out for drop in property prices: poll

Almost 50 percent of Beijing homebuyers estimate the prices will fall in the coming months after government measures to cool the market, a new survey shows.

Homelink, one of the largest property agencies in the country, surveyed visitors to the 2011 Beijing Spring Real Estate Trade Fair, which is deemed a key event by industry insiders.

The poll revealed 44 percent of potential buyers think that property prices will fall, 38 percent predict that prices will rise and 18 percent said there will be no change.