Chinese Housing Market Set for Double Digit Growth
China housing sales is projected to grow at a CAGR of over 18% during 2012-2015, says RNCOS in its latest research report.
- (1888PressRelease) September 23, 2011 - According to our recent research report "China Housing Sector Outlook 2013", despite a slow start, the Chinese real estate, particularly housing market has developed quickly during the last decade. In 2010, China's housing industry remained on course for a double digit growth and it is expected to grow with same pace in the coming years. The research confirmed bright future outlook of the industry and the housing sales is projected to grow at a CAGR of over 18% during 2012-2015.
As per our study, economic expansion was the major reason for the ongoing growth and development. The economy kept a high and stable rate of growth averaging over 9% per year, resulting in higher disposable incomes and thereby savings. At present, ordinary as well as luxury housing takes the largest portion of the residential property market in the country. It is anticipated that the trend will remain the same in future also, which will position China as a favorable destination for housing investments.
At the segment front, ordinary housing dominates the Chinese housing industry. As majority of the people in China belong to low or middle class, there has been a huge demand for ordinary housing in the country. Moreover, the government has stepped up its efforts to meet the demand for affordable housing for the lower and middle-income households in the country. We expect these developments to amplify market attraction and prove decisive for future market growth.
Our report, "China Housing Sector Outlook 2013", provides detailed analysis of the housing sectors in China. It provides thorough insight into each of the housing segments including affordable housing, luxury housing, and ordinary housing. Most importantly, the report also entails future outlook of the housing sector taking into consideration the effect of soaring prices in the housing sector of the country, base drivers, and the opportunities and challenges faced by the housing sector. Additionally, the report also covers information about the key players in the industry and presents an overview of their business.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM212.htm
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