Beijing 33 Existing Home Sales in 7 Days, Agents Quit

Existing home sales in Beijing:

iFeng: 全北京8天只卖了33套房 中介门店上演“离职潮”

Statistical data from Centaline Property Research Center data show that eight days National Day holiday Beijing signed a total of 222 new residential units, second-hand housing 33 units. “Last year, seven days holiday and trading volume contrast, the decline is still very obvious.” Said Zhang Dawei, chief analyst with Centaline Property, 7 Skynet before Beijing new residential signed 116 sets, 27 sets of second-hand housing net signed, are the lowest in history to 2009 value, year on year decline of 65%.

The 65 percent decline is a slight improvement from the 71 percent decline for all of September.

Zhang Ming of Maitian real estate said over the past year there was a “quit wave.” “We have a maximum of nearly 50 brokers, only 30 something now.”

Author: 罗臻 http://www.investinginchinesestocks.blogspot.com

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