Prices may still rise in the short term

Li Wenjiang, chief analyst with Rich brilliance, said that according to statistics, January-November this year, Guangzhou 10 district first-hand residential transactions in the area of nearly 9.03 million square meters. He expects the first-hand residential deals in Guangzhou to reach 9.6 million square meters this year, close to the all-time high of 9.67 million square meters in 2004.　　But 2004 Guangzhou 10 district average price is about 4600 yuan/square meters, this year the first-hand average is expected to reach 9200 yuan/square meters, house prices doubled within 5 years. Zhongyuan Real Estate project manager Huang that the November house price report data and real estate intermediary monitoring to a little discrepancy. According to market monitoring data, November-hand residential turnover is somewhat reduced. But now the reported data is rising, only to show that the market is not as bad as everyone imagined. He predicted that after the cancellation of the business tax concession, will frighten a scare investment and other types of home buyers, originally is the off-season next 1 ~ February, estimated turnover will shrink.　　But there will be no big changes in house prices, and the likelihood of a short-term rise in house prices is greater than the likelihood of a fall, combined with current factors. But a few days ago, the 2009 economic Blue Book released by the Chinese Academy of Social Sciences has once again predicted the future development trend of China's property market: The "inflection point" of the housing market falling from the high position has been formed, rigid demand and investment demand have been released, the market elements supporting the rise in house prices have ceased to exist, and the