Real estate market in 2012 fell in the first half of the year, stabilized in the second half of the year, and recovered at the end of the year. Land space transation showed negative growth, and land price had a modest increase. The growth of real estate investment fell considerably, the floor space of real estate development started in 2012 was lower than the previous year, and the growth of the floor space of buildings completed decreased. The sales volume by floor space turned from the negative growth to a modest increase at the end of the year. Housing price experienced fall to rise, and the number of cities with housing price falling decreased gradually. We estimate that real estate demand in 2013 will keep a modest increase, the growth rate of real estate investment will be 14%, and the housing price will go up steadily. <<