mardi 8 novembre 2011

Chilled Property Market Causes Massive Agency Closures



Oups...! ça commence à " chier" en Chine !



China's slack property market has resulted in the widespread closure of real estate agencies across the nation. Geland began shutting down offices as early in February and has closed 50 offices; Century21 China closed 34 offices in the second quarter of this year and saw this number increase in the third quarter; one of the top five agencies in Beijing has closed 40 offices so far this year.
Small and midsized real estate agencies with less than 50 offices were the hardest hit by the limits on home purchases, according to a manager from a leading agency in Beijing. He predicted the demise of at least 3,000 real estate agencies, affecting 50,000 employees, in the city this year.
Online second-hand home sales in the Chinese capital totaled 7,262 units in October, down 17% from a month earlier and down 48.7% from a year earlier, Bjfdc.gov.cn data show.
Centaline Group, a major Chinese real estate service provider, said last week that it had shut down 60 offices and laid off over 1,000 employees in Shenzhen. The group also stated that the total number of real estate agencies in the city had decreased by 3,000 to around 5,000 since the beginning of 2011.
New home sales in Shenzhen totaled 183,500 square meters at an average price of ¥19,119 per square meter in October 2011, down 60% and 11% respectively from a year ago, according to the local land resource administration.

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