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The ‘housing’ story in 2012

People's Daily Online)  07:56, January 06, 2013

"Most stubborn nail household" moves out: The “most stubborn nail household” - Luo Baogen’s family prepares to move out the five-story building that stands abruptly in the middle of a half-constructed road near the rail station in Wenling, Zhejiang on Nov. 30, 2012. The house was demolished on Dec. 1, 2012. Luo Baogen signed the relocation agreement with the local government and agreed to demolish this five-story building. (Xinhua/Han Chuanhao)

Edited and translated by Wang Xin, People's Daily Online

Restrictions on property purchase, house price and loan continued in the property market in 2012. Under such policies, the housing price remains stable nationwide and the property market is in bloom expect a few cities. Housing is still the issue that concerns Chinese people.

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