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More Chinese think home prices will rise
By Hu Xiaocen |
December 19, 2012, Wednesday
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Print Edition
Print Edition
MORE Chinese residents expect housing prices to rise in the near future and showed a greater willingness to spend money in the fourth quarter as satisfaction over prices, income and employment improved, a central bank survey showed.
Among 20,000 residents surveyed by the People's Bank of China in 50 cities, 29 percent of respondents said they expected housing prices to rise in the first quarter next year, up 11.3 percentage points from the beginning of this year, and 10 percentage points from the same period a year earlier.
PBOC said in the survey dated yesterday that 15 percent of people planned to buy a residential property within three months, 1.5 percentage points more than a year earlier.
About 67 percent of residents said present housing prices were too high, 6.2 percentage points less than a year earlier.
Residents in the survey expressed a bigger willingness to spend in the fourth quarter while investment needs contracted. Almost a fifth of respondents said they preferred to spend rather than save or invest, 1.9 percentage points higher than in January.
The number of people planning to buy a car in the next three months rose to 15 percent, the highest level since 1999.
Among 20,000 residents surveyed by the People's Bank of China in 50 cities, 29 percent of respondents said they expected housing prices to rise in the first quarter next year, up 11.3 percentage points from the beginning of this year, and 10 percentage points from the same period a year earlier.
PBOC said in the survey dated yesterday that 15 percent of people planned to buy a residential property within three months, 1.5 percentage points more than a year earlier.
About 67 percent of residents said present housing prices were too high, 6.2 percentage points less than a year earlier.
Residents in the survey expressed a bigger willingness to spend in the fourth quarter while investment needs contracted. Almost a fifth of respondents said they preferred to spend rather than save or invest, 1.9 percentage points higher than in January.
The number of people planning to buy a car in the next three months rose to 15 percent, the highest level since 1999.
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