Accounting and real estate market in China
Real estate market in
China
The slowing
down of the real estate market in China strongly discouraged the promoters to
increase their investments during the first half of the year of this year,
announced an analyst of the market.
This lack
of enthusiasm was translated by a strong slowing down of growth of the
investments, and in particular, by a fall of the number of new projects,
indicated Mrs Meng Yin, assistant general secretary of the Committee of the
market of the Association quibbles of search about the real estate and the
accounting in Beijing and Shanghai.
It was
associated with a backward movement of the sales of real estate, it is since
the investments in the sector should stagnate during the next months, indicated
Mrs Meng in an article published in the last edition of Accounting Magazine, a
financial and economic magazine based in Beijing.
Accounting in Beijing
According
to Mrs Meng, the real estate investments of the promoters progressed of 16,4 %
in annual sliding from January till April, with a growth rate decreasing by 3,4
points of percentage over one year. Governmental data indicate that the investments
and the accounting services continued to
move back from January till May to reach 14,7 %.
Mrs Meng
besides noted that the surface of the new accounting projects launched during
period from January till April amounted to 430 million square meters,
decreasing by 22,1 % in annual sliding. The number of new projects launched
between January and May decreased in 18,6 % over one year.
Mrs Meng
added that the Chinese real estate market had known the adjustments almost
every three years since 2005. Contrary for the previous times, the adjustments
were this year mainly caused by the very market, influenced by the supply and
demand, as well as by the prices.
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