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Existing home prices rise slightly
By Cao Qian |
August 3, 2012, Friday
|
Print Edition
Print Edition
SHANGHAI'S existing housing index rose for the second straight month in July.
The index, which tracks price variations of previously occupied homes, climbed 3 points, or 0.12 percent, from June to 2,582 last month, the Shanghai Existing House Index Office said yesterday.
It gained 0.16 percent in June and was unchanged in May after declines for seven straight months.
"While the city's existing home market continued to see a rebound last month, home seekers seemed less inclined to buy after owners raised their asking prices, which partly contributed to a decrease in transaction volume," said Lu Bei, an analyst at the office. "Repeated vows from the government to strictly enforce tightening measures also boosted the wait-and-see sentiment among some potential buyers."
The index, which tracks price variations of previously occupied homes, climbed 3 points, or 0.12 percent, from June to 2,582 last month, the Shanghai Existing House Index Office said yesterday.
It gained 0.16 percent in June and was unchanged in May after declines for seven straight months.
"While the city's existing home market continued to see a rebound last month, home seekers seemed less inclined to buy after owners raised their asking prices, which partly contributed to a decrease in transaction volume," said Lu Bei, an analyst at the office. "Repeated vows from the government to strictly enforce tightening measures also boosted the wait-and-see sentiment among some potential buyers."
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