Taiyuan China Real Estate
More developers in China are cutting prices of new homes to boost sales and raise cash, experts said. Property prices in Beijing, Shenzhen, and Guangzhou have stabilized, while prices in their own first- and second-cities have remained unchanged or increased more slowly than a year ago, suggesting that the property market is on the road to normalcy, according to data from the National Bureau of Statistics. Prices remained stable in the first half, with Guangdong up 0.5 per cent and Shanghai up 1.2 per cent, although it was the only city in the top tier to post a rise of more than 1 per cent compared to the same period last year. In the second half, Beijing and Shenzen grew by 0.6 per cent and 1 per cent respectively, while Guangzhou was unchanged, while Shanghai grew by 2.1 per cent year-on-year and 3.3 per cent in the quarter, both up from the previous month.
Prices fell in 74 cities in the first half of the year, including Beijing, Shenzhen, Guangdong, Shanghai, Hong Kong and Guangzhou, while prices rose in all but the remaining 26 cities. In some cities, large discounts were also offered to eliminate unsold stocks, according to the National Bureau of Statistics.
If sales continue at this pace, it will take nearly 10 years to clear the backlog of unsold homes, even if no new ones are added. Many yeasts have reported that only a slight price increase will affect sales volume.
The South China Morning Post reported that most of the 288 cities monitored by E-House China have never imposed such restrictions, but are suffering from oversupply as the younger generation moves to better jobs in regional hubs. The Chinese real estate market in recent years has mostly not made headlines, as foreign investors "interest and a shortage of buyers in Taiwan persisted.
The third-largest cities saw an increase in unsold homes, and average prices for new homes fell 0.53 percent in July compared with the same month last year, according to E-House China. The latest data from China's National Bureau of Statistics (NBS) shows that the price of a new home in 288 cities has fallen by -0.3% since July. At the same time, 38 of the 70 cities have seen an increase in the number of prefabricated residential properties on their market.
Vanke began cutting prices in Hangzhou in March, and local governments have also begun to ease restrictions on purchases, industry sources said. Yan said that growth in new home sales had impacted home prices, rising 0.1 percent month-on-month.
Local authorities are increasingly willing to regulate the real estate market in light of the local situation, Zhang said. There is a high level of local knowledge, and local governments are relaxing or lifting sales restrictions imposed by central government in 2010 to cool the housing market. Restrictions on offshore bonds have also been tightened, and trusts have been instructed not to provide new funds to real estate companies.
Taiyuan has no international schools, but there are a large number of international colleges and universities in the region, as well as an international university. There is no direct connection to the mainland via the Taiwan - Hong Kong - Beijing - Guangdong - Shanghai railway line, and there is no line connecting TaiYuan with the other major Chinese cities such as Beijing, Shanghai, Guangzhou and Shenzhen. Taiwan's capital Beijing has a variety of local and international educational and research facilities.
Taiyuan is one of the transport hubs in northern China, with highways linking it to neighboring provincial capitals such as Guangzhou and Shenzhen, as well as to the mainland. Taiyuan has long been known as one of the transport hubs of northern China, due to its proximity to China's major cities and the highways that connect it to neighboring provinces and capitals.
Due to its long history, Taiyuan is one of the oldest cities in China and the oldest city in the country with a history of more than 1,000 years. The loess-covered landscape of the city is also referred to as the "cradle of Chinese civilization."
In 221 BC, Qin conquered the rest of China and officially founded the first imperial dynasty in China. After the end of the Jin Dynasty, ethnic minorities settled in the short-lived sovereign states commonly referred to as the Sixteen Kingdoms. In 543 Gao Huan founded the eastern Wei with the capital Ye, and in 542 he founded the capital Ye with the Da Cheng Xiang Fu was located in Taiyuan, the second largest city in the east of Weis. The two Chinese characters for the city name are "Da Cheng" and "Xiang Fu," which refers to the place where the Fen leaves the mountains and enters the relatively flat plain.
Taiyuan is located in Shanxi province, which produces about a quarter of China's coal, and is home to the China TaiYuan Coal Transaction Center, which began trading in 2012. In July, people were allowed to register as online sellers to collect commissions to attract buyers to the company. Hopefully you have managed to get an estate agent who regularly deals with foreigners and whose contracts are in both Chinese and English. Taiyuana is one of the largest industrial cities in China and is located at the intersection of two major rivers, the Yangtze and Huangpu, and the Tianjin.