China - Property prices to drop 20 percent

Real estate prices in China around March 20, the housing market cooling measures adopted by the government due to a slew of start-up percentage is expected to decline, a report said.

cooling measures, developers of financial difficulties, and monetary policy led to adjustments in property prices will slow China, Beijing-based Renmin University of China (RUC) said.

Developers to quickly create a market in the first quarter of the capital next year, developers of the bank loan repayment, home buyers to prohibit the season will be exacerbated by the bill for developers to fund a more difficult situation It is expected, Xinhua said Sunday Yuanchun Liu, vice-dean of the School of Economics city RUC.

Liu improvements excluded the country's property market, saying that the difficult financial situation due to a sharp drop in market prices should achieve a soft landing.

70 major Chinese cities, prices of goods 8.6 years per cent year on year in October rose 12.8 percent from the peak reached in April, for six consecutive months, easy, National Bureau of statistics show.

Government introduced a series of measures to crack down against property speculation and curb property prices since April for mortgage third home purchase and the deposit includes the installation is suspended.

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