January Real Estate deals fall in 90% major cities in China

China Index Research Institute statistics show that the first month of the new Year, about 90% of the major cities in China to deal with the decline in the market area, Haikou, Sanya, the rise is due to the State Council approved Hainan International Tourism Island construction plan to boost. The report says a series of property-control policies since the end of last year have made the market look more and more volatile. In January, the main cities in the country's property market volume fell sharply by 46.42%, especially in the end of 2009, the explosion of the city, the demand was overdrawn (such as Chengdu, Nanjing), the　　However, inventories continued to decline in major cities, but decreased. The report shows that in the key cities, Wuhan with a large number of policy housing market, led to a 15.06% increase in turnover. In addition, the volume of Chongqing fell, but still higher than the 2008 downturn level.　　In the non-key cities, Haikou and Sanya are driven by local policy, with the volume of transactions rising by 32.26% and 32.34% respectively. However, prices have not been suppressed, Beijing, Tianjin, Shenzhen, the average price continued to climb, refresh the history, the rest of the key cities in the downward adjustment, but still high. (Snow ting from Beijing)