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24 Dec 2013
China to maintain controls on real estate market in 2014
FXstreet.com (Łódź) - According to the Xinhua news agency, Housing Minister Jiang Weixin said today that China would keep controls on the property market next year. At the same time, the country's government would increase land and housing supply in cities which are expected to see a considerable rise in real estate prices.
"We will keep the continuity and stability of the tightening policies in 2014 and implement properly existing policies," Jiang Weixin said.
In exchange for the increased land and housing supply cities would be required to implement tightening measures.
In November this year Chinese home prices grew at the fastest recorded annual rate, spurring worries about a housing bubble. On the other hand, monthly gains were lower, which might be a delayed effect of the government's campaign aimed at bringing down property prices.
"We will keep the continuity and stability of the tightening policies in 2014 and implement properly existing policies," Jiang Weixin said.
In exchange for the increased land and housing supply cities would be required to implement tightening measures.
In November this year Chinese home prices grew at the fastest recorded annual rate, spurring worries about a housing bubble. On the other hand, monthly gains were lower, which might be a delayed effect of the government's campaign aimed at bringing down property prices.