China Real Estate

The Chinese real estate industry started in the mid-1980s.

The real estate prices in the 70 bigger Chinese cities decreased 0.1% in September on one month, but increased on average of 3.5% on one year.

China decided to suppress the right of stamp on the purchases of real estates as well as the value-added tax on the sale of lands, in order to revitalize the real estate sector in recession, the Treasury secretary announced Wednesday.

Accor, the biggest hotel group of the world, announced that the number of its hotels in China would be tripled before 2010 and that it got ready to open its fourth Novotel in Beijing.

China will value the consumption of energy of the real estate projects .The initiatives of energy economy will be obligatory in all demand of real estate investment in China from January 1st, 2007, whereas the country develops the energizing efficiency.

The investors want to take advantage of the Chinese boom of the real estate. In the second part of I'interview, Arjuna Mahendran, responsible Research Asia Pacific of the Credit Switzerland, examines the influence currently exercised by Olympics 2008 of Peking on the real estate markets in China and expose some consequences of the Communist past of the country.

Once upon a time there was, and doesn't have so long, to be " rich" wanted to tell to invest in a house of country in France, a villa in Spain or in the Caribbean. Since the beginning of the years 90 the tendency turned toward Italy, Portugal, Greece or Florida.

The investment in the cities knew a moderate increase. The investments in the primary sector increased 20.3% instead of the reduction of 19.6% of last year; in the secondary sector, of 38.3%, but the rhythm of growth lowered 8 points in relation to 2003; and in the tertiary sector, of 21.6%, a decrease of 0.5 point.

An evolution to the Chinese. Nothing seems to shake his enthusiasm. "It is a little as to the United States, you progress according to what you achieve and no according to your diplomas."