Housing price is “high and difficult to accept” for 68% residents in China

By | March 20, 2013

Housing price is “high and difficult to accept” for 68% residents in China

The People’s Bank of China conducted a questionnaire survey of 20,000 urban depositors from 50 cities across the country in the first quarter of 2013. The survey shows that 68% of residents believe that the current housing price is “high and difficult to accept” with an increase of 1.3 percentage points from the previous quarter, 0.3 percentage points higher than the same period last year; 30.1% of the respondents considered the housing price as “acceptable” and only 2% of the population marked it as “satisfactory”. At the same time 34.4% (an increase of 5.4 percentage points from the previous quarter) expected that the housing price will rise. 14.8% of the respondents expressed that they would buy a house in the future three month which is down 0.6 percentage points from the previous quarter.

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