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China Housing Market

China’s housing market loses steam Growth in home-sales value slowed in first two months of 2018

Beijing, China

China’s housing market is still growing, but the pace slowed down noticeably in the first two months of the year.

The value of all home sales in January and February rose 上海夜网论坛

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by 16 percent to $168 billion, according to Bloomberg. In December爱上海龙凤419桑拿

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, the pace of growth had been 21 percent. The numbers don’t include government-subsidized housing.

Meanwhile, sales of development sites fell for上海贵族宝贝

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the first time in 新上海贵族宝贝论坛

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a year.

The slowdown comes as Beijing is working on a potential countrywide property tax designed to keep a lid on home prices.  [Bloomberg] Konrad Putzier 

Tags: china, Residential Real Estate, taxes
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