Lijiage expects property prices to rise by 5% in the second half of the year
Liao Weiqiang, president of Lijiage Real Estate, said that property prices have risen by 10% in the first half of this year, and the rate of increase has been too rapid. The interest-bearing cycle in the second half of the year, together with the US-China trade war and the government’s interest in setting up vacant taxes, will have a negative impact on the property market. It is expected that the increase in property prices will slow down in the second half of the year, but it can still rise by 5%. The annual property prices are expected to increase by about 15%. The bank’s commission income this year has exceeded RMB 1 billion, and it is estimated that it will exceed RMB 2 billion for the whole year, setting a new record for the bank, which is about 25% higher than the RMB 1.6 billion of last year.