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China's property prices remain depressed in January


10:12, February 18, 2012

BEIJING, Feb. 18 (Xinhua) -- Property prices in major Chinese cities continued the downward trend in January as the government's tightening measures remain in place.

In January, 48 cities out of the statistical pool of 70 major cities saw drops in new home prices from December, while home prices in 22 cities remained unchanged, the National Bureau of Statistics (NBS) said on Saturday.

On a year-on-year basis, 15 cities saw price declines in January, up from nine in December, the NBS said.


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Observer at 2012-02-18180.191.229.*
Okay, let"s see what we have learned about free enterprise. The real estate market"s value is dependent on government manipulation and not the market place.

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