Multi-city property market volume price drop

(Reporter Chen Guilan) Recently, Beijing, Shanghai, Shenzhen, Nanjing, Hangzhou, Xiamen, Ningbo, Fuzhou and other areas have issued real estate control "limit purchase order", and the results have appeared, a number of cities in the property market has fallen. The latest report from China's Index research institute said that in the "11" long holiday and the dual role of regulatory policy, last week, the National property market volume generally slipped. Its monitoring of the 35 cities, 28 of the city's property transactions in the chain fell, only Shanghai, Nanjing and Dalian and other cities rose slightly. Among them, Haikou fell the biggest, the chain fell 75%, Beijing, Shenzhen, Chongqing fell more than 40%. A number of industry insiders expect that the entire property market turnover in October has become a trend, rigid demand to re-enter the wait-and-see period, developers to increase sales pressure, expected to increase the possibility of property price reduction.