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China Daily Website

House trade volume rises

Updated: 2012-03-10 07:58
By Wang Ying in Shanghai ( China Daily)

The trade in residential apartments continued to pick up at the beginning of March, which implies that a market recovery bolstered by inelastic demand may occur in some regions.

This followed the rising volume of trade, on a weekly basis, seen in the property markets of the nation's major cities in February.

During the week ended March 4, an aggregate of 2.06 million square meters of residential space were traded in China's 20 major cities, an increase of 2.9 percent from the previous week, according to information from China Real Estate Information Corp.

House trade volume rises