2015-04-29

Survey: First-Tier Price Rise Expected, Trouble in the Lower Tiers

A new report from the Sharpen Research Institute predicts prices will rise in first tier cities and fall in second- and third-tier cities. An index is used, where 100 represents no expected price increase. Numbers above 100 indicates expected price increases, below 100 expected price declines.

In the top ten cities in the focus of the survey, Beijing (101.49), Shanghai (113.97), Guangzhou (102.91), Shenzhen (117.02) and other cities housing prices were above 100. Tianjin (97.08), Wuhan (84.34), Chengdu (83.52), Chongqing (82.85), Suzhou (82.04), Hangzhou (71.75) and other cities are less than 100.
The overall survey's number was 87.86

The survey found that plans to buy a house within the next year, 26.3% of respondents, which plans to buy a new house proportion accounted for 55.8%, 17.3% intend to buy second homes, 26.9% said both OK. Buyers age 26-35 years old accounted for 47.0%, is the main crowd, followed by 19-25 years (12.7%), 45 years of age (12.4%).

A breakdown of home buying reasons:
The survey purchase plans for the coming year of the respondents to analyze its purchase purpose, of which 51.7% of the people are for the first home, 22.1% is to improve housing conditions [trade up], 11.0% want to buy a house for parents or children, 8.8% buy a house for good schools [as people do in the U.S.], 6.0% is used for investment, 0.5% for other purposes.

SRI:省社评院民调:十大城市受访者整体看跌房价 但看涨北上广深房价

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