In the year of 200 1 Beijing's successful Olympic bid, house prices rose by 40%, and the compound growth rate since 200 1 has exceeded 50%. After 2003, the real estate market in China entered a generally rising market. In 2006, Beijing's housing prices recorded double-digit growth for seven consecutive months, ranking among the top cities in terms of housing price increase. According to the data released by Beijing Construction Committee, the average opening price of newly opened projects in Beijing in February last year was 10369 yuan/square meter, up by 23.6% compared with 10. In addition to the new housing market, the price of second-hand housing in Beijing has also risen sharply. According to statistics, the price of second-hand houses in Beijing reached 7 155 yuan/m2 in 2006, up 18.6% year-on-year, and 7 percentage points higher than that in 2005.

From 2000 to 20 12, the real growth rate of house prices was very low.