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Property Price Difficult to Accept - China Central Bank Survey



December 29, 2016



China's central bank quarterly survey showed its residents think the property price will not go up in the foreseeable future, with over half of survey participants tick property prices hard to accept. 

Results of the latest survey, which polled 20,000 residents in 50 cities during the last quarter of the year by the central bank People's Bank of China(PBoC) showed. The survey was done via random sampling questionnaire fill-up, according to the PBOC. 

Among all participated in the survey, 52.7% of the participants think the housing price is 'too high, difficult to accept'; 43.5% among the surveyed think the property price is 'acceptable'; 3.9% think the price is 'satisfied', according to PBOC.

When asked to predict the property prices trend in the upcoming quarter, 26.9% participants think the price will go up; 50.1% participants wish the price will be unchanged; 10% expected the price to fall; and 13% ticked hard to predict. 

















Article  Published on : 2016 December 29, 16:45 am GMT+800

Article  Last Updated : 2016 December 29, 17:10 pm GMT+800

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