Caixin OnlineBusiness & IndustryTop Stories Industry Graphics: Sales of Homes in Big Cities Down 40 Pct in Q1
04.02.2014 17:37

Graphics: Sales of Homes in Big Cities Down 40 Pct in Q1

Beijing sees 51 percent fewer homes sold in first three months of year compared to a year ago, new data shows
By staff reporters Niu Muge and Li Yuqian

(Beijing) – The country's property market has gotten off to a slower start this year than in 2013.

The number of homes sold in the first quarter in tier-one cities – Chinese property market jargon for the major cities of Beijing, Shanghai, Shenzhen and Guangzhou – was more than 40 percent lower than during the same period last year, data released by China Index Academy on April 1 shows.

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