Beijing is China’s massive capital.The history of it has stretching back 3 millennia but yet it is well known for its modern architecture. It has many ancient sites such as the grand Forbidden City complex, the Imperial palace.
Year by year, Beijing is rising in the list of expensive residential property tremendously. According to Knight Frank LLP’s latest wealth report, it has been observed that Beijing has joined the ranks of the world’s most expensive cities to buy residential property in 2015.It has entered into the top 10 list.
Despite the property sales witnessing a major decline in Beijing since the beginning of the year, the real estate market has started to cool down a little bit. However, it has not hurt the property price though there is a significant drop in sales. The price of many residential properties of Beijing is skyrocketing for the past decade and has become the rival of many major cities in the world.