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2015-05-17
First and Second Tier Cities Heat Up, Third and Fourth Tired and Feeble
Since April, at 3.30 new policy booster, Beijing, Shanghai, Guangzhou and other cities property market turnover chain, soared year on year. At the same time, by high inventories, the market downturn, the third and fourth tier cities turnover improvement is difficult now, the property market to pick up significant asymmetry.
...Compared to a rapid warming of second-tier cities of the property market, third- and fourth-tier cities are much fainter. Since April, second-tier cities significantly enhance the rate of housing turnover, turnover rose by 27%. The third- and fourth-tier cities new policy stimulus is lukewarm, instead of increasing the volume dropped, down about 26%. If you look at the East, Central and West breakdown, the East saw an increase of 15.4% in March, up 40.1%, the Central cities climbed 6.4% in March to 27.9%, while the Western cities fell 10.8% in March, to a rise of only 3.4%.
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