Property Market Turnover Falls in 80% of Cities in China Last Week

   Date:2011/11/17

November 16 -- Turnover in China’s property market continued to slow down in the week Nov. 7-13, according to the China index Academy.

Of the 35 cities monitored by the academy, 29 posted declines in turnover, while volumes in 9 cities fell by over 50%.

Meanwhile, signs of a fall in new house prices have started to spread to the second-hand property market and second and third-tier cities, the official Xinhua news agency reported.

Source:21cbh.com

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