China’s property prices, measured in 70 of the country’s large and medium-sized cities increased by 12.4 percent in May compared with the corresponding month of previous year. It was the twelfth consecutive month of higher prices in the run rate. In the monthly growth rate, rise the prices up by 0.2 percent in May, compared with the rise in April to 1.4 percent in the monthly rate. In April rise the property prices by 12.8 percent annual rate. The number of sold houses dropped by 15.8 percent in May compared with the previous month.
Many experts are expecting both a building crisis and an economic crisis in China if this continues.
Related articles; House sales in the U.S. increases in April 2010 compared with 2009.
Sales of new single family houses in the U.S. rose by 26.9 % in March
Sales of existing property in the U.S. have increased the first quarter of 2010.
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Tags: China, China building crisis, China economy, China prices increased, China property prices, existing property-homes, Marbella apartments, Marbella Townhouses, Marbella villas, Property marbella, property-homes for sale, property-house prices
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