调控房价 housing prices control
基准房价 Adequate housing price
房价降低 Homes Prices Sink
房价结构 rate structure
1. There have been grouses about the economy, interest rates and house prices.
2. House prices are rising for the first time since November.
3. Houses in the village are selling for astronomical prices.
4. Relative rates of house price inflation have evened out across the country.
5. Prices have been cut by developers anxious to offload unsold apartments.
6. Take off the price of the house, that's another hundred thousand.
7. Cheaper housing would vastly improve the living standards of ordinary people.
8. Housing became a seller's market, and prices zoomed up.
9. They expected house prices to rise.
10. House prices had risen astronomically.
11. House prices could perk up during the autumn.
12. House prices now look cheap relative to earnings.
13. The vendors were gazundered at the last minute.
14. The recent demand for houses has perked up the prices.
15. The house prices in the city seemed soaring up without limit.
Five big Chinese cities rank among the priciest housing markets in the world, surpassing notoriously expensive cities like Tokyo, London and New York, based on calculations by the International Monetary Fund. In fact, seven out of 10 of the world's least affordable markets–Beijing, Shanghai, Shenzhen, Hong Kong, Tianjin, Guangzhou and Chongqing–are now in China。
Note that that the price-to-wage ratio, which measures median housing prices in a given city against median disposable incomes, reflects affordability rather than absolute property value. This means the mid-range price of an apartment in New York is 6.2 times more than what a typical family makes in a year. By comparison, it would take nearly a quarter-century of earnings to buy a pad in Beijing's capital outright。
Residential property is a big mess for the Chinese government–and it's not going away. Last month, prices on new homes leapt 7.4% in June 2012–the biggest uptick since last December。
In short, policies to curb housing inflation aren't working. That's worrying news for the government; housing prices are a major source of public resentment. The danger isn't just the threat of popular unrest, though: It's that soaring property prices make people feel less wealthy and less inclined to consume. And that's exactly what the government needs them to do in order to wean the economy off its dependency on exports and credit-driven investment。
Sure, the announcement over the weekend that the government will stop evaluating party officials solely on the basis of their contribution to growing GDP. If they're off the hook for hitting targets, it could make them less reliant on land parcel sales–the prices of which have been rising–to fund their budgets。