Real estate

In 2011, the added value of real estate in Hangzhou was 45.977 billion yuan, down by 3.0 percent. completed the investment in real estate development was 130.227 billion yuan, increased by 36.2%. The sales area of real estate was 8.2981 million square meters, decreased by 16.O%, in which the sales area of commercial residential real estate was 6.8243 million square meters. down by 14.4 percent. The construction area of residential real estate increased by 15.9%, and the completed construction area fell by 4.0 percen, the newly started construction area was up by 14.6%.

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