Home / Business

Housing cash flows to smaller cities

By Ren Xiaojin and Hu Yuanyuan | China Daily | Updated: 2018-05-17 07:48

As policies to restrict house purchases in first-tier cities keep tightening, investment is likely to flow into lower-tier cities, causing price rises, said a business insider.

According to the National Bureau of Statistics, the price of newly built property in first-tier cities generally remained stable in April while secondhand property saw a drop of 0.1 percent from March.

In second-tier cities, the growth rate of new properties increased by 0.1 percent, a figure which doubled in third-tier cities.

Housing cash flows to smaller cities

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349