China real estate

At present, many chinese are talking about buying an apartment takes to the hard work of several generations. They are also curious about the total value of China's domestic houses. Statistics shows that the total value of the current domestic house value probably reachs 90 trillion yuan, which is beyond the China's GDP nearly 200%. While urban residents need to spend nearly 22 years of wages (without eating) in order to buy an apartment.

According to National Bureau of Statistics, in 2006 urban per capita housing area of approximately 27.1 square meters, while, in that year, urban population is about 577 million people, it can be projected in 2006 the total urban housing construction area of about 15.637 billion square meters. The wind data show that the years of 2007 and 2008, the aggregate data on house sales were 762 million square meters and 6.21 million square meters this year, total sales of 494 million square meters. Thus far, the city housing a total floor area of about 17.514 billion square meters.

From the historical data and practices, the current rural residential gross floor area of approximately 228 million square meters, the total value of the current rural housing 15.98 trillion yuan, plus the city's 75.98 trillion yuan, the total value of homes across the country is about 91.48 trillion yuan. But the value of China's GDP is about 31.4 trillion yuan. Domestic house value exceeds the total value of GDP nearly 2-fold.