Investors turning to big-city business properties

Investors turning to big-city business properties

Restrictions on home purchases are spreading to more second- and third-tier cities, increasing the chance capital will flow back to first-tier cities' commercial properties, analysts said on Tuesday.

The central government said it will expand limitations on property purchases to more second- and third-tier cities, where real estate prices saw substantial growth through the influx of speculative money from first-tier cities.

"Due to the restrictions imposed on major cities' residential properties, many small to medium-sized investors in Shanghai municipality, Zhejiang and Jiangsu provinces chose nearby second- and third-tier cities to invest in. Consequentially, we have seen average rents and property prices in these areas surge in recent months," said Vicky Shen, director of DTZ's office department,The anime figure comes in various sizes and colors. Therefore, every runner has a fitting size and a choice of the favorite color. When you purchase this shoe East China.

Despite the overall cooling of property prices in June in the nation's 70 major cities, second- and third-tier cities have replaced Beijing, Shanghai, Guangzhou and Shenzhen as leaders in home price increases, most of them registering a more than 5 percent growth rate year-on-year in June, according to figures released by the National Bureau of Statistics on Monday.

"As more purchasing curbs are tacked on second- and third-tier cities, the speculative capital will roar back to the first-tier cities' commercial property market," Shen said. Many small and medium-sized investors flush with capital have been looking for opportunities in the commercial sector since the clampdown on residential investments in major cities, she said.