The housing prices in China, after years of rapid growth, was still high in 2007. Due to the national control policies, the rise of the housing prices in 2008 will be significantly slower, according to the 2008 "Real Estate Blue Book", published on April 27 by the Chinese Academy of Social Sciences.
2008 " Blue Book or Real Estate " or " Annual Report on The Development of China's Real Estate (2008) ", was compiled by the Urban Development and Environment Research Center of the Chinese Academy of Social Sciences and published by the Social Sciences Academic Press.
The report pointed out that, the housing prices rose faster in some cities in 2007. In 2008, China will strengthen regulation and control over real estate sector. Therefore, the Blue Book expected that this year the full playing of the state regulation and control policy will make the increases of the house prices significantly lower than in 2007. The demand for housing will gradually return to rational, and the factors restricting too rapid rise of real estate market prices is strengthening.
By People's Daily Online
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