Large-scale purchases of real estate in Shanghai can talk about the formation of a new bubble in the market, which is only a few months after the collapse of Chinese stocks, and it threatens the economy with problems similar to those that put pressure on it since 2012.
Housing prices in Shanghai, China's largest financial site, increased by 3.6 % in February compared with the previous month, according to CRIC study, after an annual growth rate by 17.5 % recorded in January - seven times higher than in the country generally.
Renewal of the real estate market has coincided with a sharp loss of investor confidence in the Chinese equity markets.
From 2005 to 2011, real estate prices in China rose sharply due to credits, migration to the cities, and government measures to stimulate the global financial crisis.
The bubble burst, leaving a huge amount of unsold apartments across China and hit the industry engaged in the supply of building materials. Beijing in the past 18 months was trying to soften the hit by lowering interest rates, requirements for initial contributions and the tax on real estate transactions.
The main objective of the officials is to help not to the large but the small towns, where the unfinished, abandoned building remind about a collapse of the market.
However, major cities continue to attract investments, disturbing economists. "In the cities of central subordination the prices certainly grow too quickly", - said Lan Shen of Standard Chartered (LON: STAN) in Beijing.
Hong Kong property developer Shui On Land announced last month that it had sold a new apartment complex in the northern part of central Shanghai on the day when sales started, adding that prices "will undoubtedly grow" in May.
Shanghai is already trying to alleviate the pressure, and last month introduced new rules in order to increase the number of small to medium sized apartments.
However, the history of financial bubbles in China and the problems encountered in the economy after they burst, as well as Beijing's efforts to limit surges and mitigate market falls, forces investors to fear that too rapid growth can be replaced by an equally rapid decline.