Property investment, price surge 31%

The rate of investment in real estate as returned to levels hit before the financial crisis. The National Bureau of Statistics says spending in during the first two months of 2010 was up 31 percent from the same period last year, the fastest rate of expansion since July 2008.

The rate of investment in real estate as returned to levels hit  before the financial crisis. The National Bureau of Statistics  says spending in during the first two months of 2010 was up 31  percent from the same period last year, the fastest rate of  expansion since July 2008.

Property prices in 70 major cities accelerated for an eleventh straight month in February, rising 10.7 percent year on year. That marks the fastest pace in nearly two years. Haikou, the capital city of Hainan province, witnessed the largest rise, logging around 58 percent. Meanwhile, property transactions also went up in the first two months mainly thanks to the surge in sales of residential housing.