This September not so ‘golden’ for real estate  

中国楼市旺季不旺 官方称尚不具房价大幅反弹条件

被视为传统购房高峰期的9月已渐进尾声，中国楼市却并未出现成交量“井喷”的迹象。中国指数研究院最新数据显示，9月第三周成交相比前两周有所回升，但涨幅持续收窄。重点监测城市中，天津成交周同比连续三周下跌。

Beijing (CNS) – The third week of September saw only a slight increase in real estate deals and a lower rate of increase in housing prices than the previous two weeks, according to the latest data from China Index Academy.

Continuous price curbs and insufficient demand have led to a tepid property market in September, which is usually considered a "golden" month for real estate, said Hu Jinghui, vice president of 5i5j, a real estate agency.

The following months will see stable prices and a decrease in deals, Hu added.

There is no prerequisite for a rebound in housing prices, said an official from the Ministry of Housing and Urban-Rural Development during an interview with People's Daily.

The government will continue to restrict purchases, carry out differential policies in credit and taxes and inhibit demand for investment, the official said, adding that public housing will further lower the possibility of a rebound in housing prices.