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Theever-risingpriceofpropertyinChinahasbecomecauseofworryforanincreasingnumberofpeople,showsasurvey.
Despitethemeasurestakenlastyeartocooldowntheoverheatedrealestatemarket,fewerpeoplenowbelievethatthepriceswouldstabilizeinthenearfuture.
Onlyone-fifthofthe2,582peoplepolledbyChinaYouthDaily'ssocialresearchcentre,sina.comandePanelMarketingResearchConsultingCowereconfidentthatthegovernment'sstepswouldcheckthetrend.Theirpercentagewas60inasimilarsurveyconductedonlytwoyearsago.
Thepollresultsannouncedyesterdayshowedanothersignificantchange:insteadofblamingrealestateinvestorsforraisingthepricestoearnhugeprofits,asrespondentshaddonetwoyearsago,morepeoplenowblamethegovernment'svulnerabilityinmacro-controlmeasuresforthemalaise.
Therisingdemandandtheconcurrentraisingofpricesbyinvestorsaretoblame,saidBaoZonghua,presidentofChinaRealEstateandHousingResearchAssociation.Andthemacro-controlmeasuresneedtimetotakeeffect.
Almostalltherespondentssaidtherewasabubbleintherealestatemarket,withnearlyhalfbeingcertainthatitwouldburstin10years.Butalmost40percentbelievethatthebubblewouldneverburst.
Awhopping80percentbelievethatrealestatepriceswouldcontinuetorisethisyear,and30percentfearitwoulddosoatagreaterpace.
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