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Thread: The price of second hand house exceeding 6000 RMB per square meter

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[quote=YVONNE,237639]At present, the price of second hand house in Guangzhou is skyrocketing. In some places, it exceeds 10000 RMB per square meter. According so the statistics, the average price of second hand house was 5963 RMB per square meter. It has increased 24.2% compared with the same period with last year. It is estimated that the price will exceed 6000 RMB per square meter.

From September 2005 to November 2006, the price increased from 4114 RMB to 5067 RMB (per square meter). It needed 14 months to increase about 1000 RMB. However, from November 2006 to May 2007, it increased to 5963 RMB per square meter. It increased about 1000 RMB just in 6 months.

The price of second house has been increasing so much, how about those newly built commercial houses?

Compared with the rising house price, the rent has decreased. In May. the average rent was 25.8 RMB per square meter. It decreased 4.8% compared with April.

It seems that people are still crazy about buying houses though the price is rising rapidly. Facing the hightest house price, people still want to buy one though they can not afford the price.  Today we may that to have a house is everyone's dream. Hope they can realize their dream.[/quote]

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