2012-01-09

Beijing real estate activity falls to 4-year low in first week of 2012

新年首周北京住宅网签创4年新低 春节后楼市有望回暖. Google Translation:
According to Municipal Construction Committee website network signed data, the first week of the year (January 1 - 7 days) Beijing Residential (new residential and secondary residential) net total of 2303 units, compared with last year fell 34% last week, and last year substantially more than the same period fell 64.3%, lowest in nearly four years.
Both second-hand houses declined, according to Municipal Construction Committee website to sign the data network in the first week of Beijing net total of 2303 residential units, including new residential net signed volume of 1732 units, compared to last year fell 37%, second-hand housing net total of 571 units, compared to last year is significantly down 84.6%.

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