Luxury Property China: Shanghai luxury property sales up

Sales volumes in Shanghai’s luxury residential property market rose significantly in the second quarter of 2013, but were not accompanied by an obvious increase in prices. The number of completed transactions in the second quarter of 2013 was 39.6% higher quarter on quarter and 12.6% higher year on year, according to Knight Frank’s latest Luxury Residential Market Report for the city. However, despite these increases, prices were essentially flat compared to the first quarter of 2013. 

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