Rrigid demand or Investment Tool ?
Great demand has caused the price hike, observed by Gu Yin, director of the Nanjing Branch of National Real Estate Indices. In previous years, many people were wait-and-see on purchasing houses. However, after entering 2007, rigid demand for marriage and relocation has increased while supply has not.
“With a national growth of house prices, tight control of lands and loans, as well as growing demand, the cost of housing in Nanjing will keep rising,” he analyzed.
There is huge gap between the general peope’s income and the rising price, it’s those who already have real estate asset are buying those villa, but not those who are real rigid demand.
That’s ridiculous and crazy. The richer and the poorer, that’s all it’s left.
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