Beijing Home Sales Surge Ahead of Expected Buying Restrictions

Rumors of buying restrictions spiked home sales in Beijing.
Hexun: 北京上周公寓成交量涨逾6成
Beijing home sales last week rose more than 60% week-on-week projects new disk into the market and to suspend payment of two residential permits rumors caused panic buying, resulting in Beijing last week Apartment sales volume rose more than 60 percent ratio, the highest in nearly five weeks new highs. The property market is expected to face the second half regulation, but also lead to subsequent secondary housing market demand is squeezed in advance. After a lapse of 18 weeks after a single week Beijing second-hand housing turnover once again exceeded 6,000 units.
Future demand is being pulled into the present.

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