Related News
Home » Business » Real Estate
Sales of existing homes rebound after 9-month slump
By Cao Qian |
July 5, 2012, Thursday
|
Online Edition
Online Edition
SHANGHAI'S existing housing index climbed in June for the first time in nine months.
The index, which monitors price variations of previously-occupied homes, rose 4 points, or 0.16 percent, from May to 2,579 last month, the Shanghai Existing Index Office said today.
Prior to June, the index stayed unchanged in May after heading south for seven straight months.
"Sales of existing homes soared to the highest in 17 months in June amid notably recovering sentiment among buyers," said Lu Bei, an analyst at the office. "Home prices climbed in most residential areas though their growth was rather mild."
Across the city, the average price of 103 of the 128 areas monitored by the office edged up 0.25 percent on average last month while that in 21 areas dropped 0.25 percent from May and four areas remained flat in prices, according to the office.
The index, which monitors price variations of previously-occupied homes, rose 4 points, or 0.16 percent, from May to 2,579 last month, the Shanghai Existing Index Office said today.
Prior to June, the index stayed unchanged in May after heading south for seven straight months.
"Sales of existing homes soared to the highest in 17 months in June amid notably recovering sentiment among buyers," said Lu Bei, an analyst at the office. "Home prices climbed in most residential areas though their growth was rather mild."
Across the city, the average price of 103 of the 128 areas monitored by the office edged up 0.25 percent on average last month while that in 21 areas dropped 0.25 percent from May and four areas remained flat in prices, according to the office.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
