Over 70% residents think house prices are too high

Now, net News the People's Bank of China's survey of Urban Savers released yesterday showed that at current prices, 72.2% of residents in the three quarter said they were "too high to accept", a slight decrease of 0.3% in the previous quarter, but still a higher than 7% in the same period last year. For future housing prices, 36.6% of residents in the quarter were expected to rise sharply, up 7.2% from the previous quarter, but still less than 4.9% in the same period last year. Although rising housing prices are expected to increase, the willingness of urban residents to buy homes has not risen sharply.　　The proportion of residents intending to buy a home in the next 3 months is 15.6%, roughly the same as in the previous quarter, still above the lowest level in the second half of 2008, but lower than the 1.5% level of the same period last year. In the quarter, 44.4% of urban residents tended to opt for "more savings", down 1.3% from the previous quarter, and 16.8% to "more consumption", down 1.2% from the previous quarter, and 38.8% to "more investment", up 2.5% from the previous quarter. According to the Securities Times