"We have to admit that property prices in Shanghai are too high, " the mayor said.
Unless property prices rise considerably, local governments will end up losing money, which they cannot afford.
China first began tightening credit in the spring of 2010 to dampen spiraling property prices.
Investors are concerned that policy makers will implement additional tightening measures to control residential property prices.
The nation is reining in lending and imposing other measures to suppress skyrocketing property prices.
Nearly 400, 000 people now pay it, a figure that has risen with property prices.
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Since the implementation of those measures, property prices have dipped only slightly in the central districts.
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Even property prices have fallen by only half as much as in comparable British cities.
Chinese stocks were hit by concerns over the imposing of curbs on property prices.
The statistics bureau will issue its December data on property prices in 70 Chinese cities Wednesday.
He said property prices have been hit by recession, the stock market hasn't given good returns.
Unfortunately for latecomers, all of this positive news has already begun to impact property prices.
Property prices in Ireland, at the foot of our table since April 2010, continue to plummet.
Analysts said these firm policies would lead to a further decline in property prices this year.
In their wake, service firms have multiplied, property prices have burgeoned and investment is up.
Mr Rybkin, like several of his colleagues, seemed to have old-fashioned ideas about Moscow property prices.
It also faces challenges on the domestic front where property prices have started to rise again.
These cycles are self-reinforcing: more lending pushes up property prices, which encourages more lending.
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Property prices here are mind-bendingly expensive, but the vast majority of people are middle class.
And though it undoubtedly constrains urban sprawl, it also pushes up property prices in cities.
There is absolutely no necessary relationship between low interest rates and buoyant property prices.
Research in America and Britain suggests there is no consistent relationship between blades and property prices.
Signs, however, are growing that both property prices and local-government borrowing are rising again.
It was money well spent: where sewers had been built, property prices rose steeply.
There are signs that sky-high property prices are pushing poverty from the centre to the periphery.
In just the first nine months of this year, average property prices in Hong Kong jumped 20%.
In some places these dwellings may sit idle for a while, keeping downward pressure on property prices.
They blame pressure from a rapidly changing society, increased competition, long work hours and high property prices.
At the same time, limited space for real-estate development has driven up property prices across the board.
In answer to the question from our reader: No, property prices in China are not in freefall.
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