China's real estate industry has generated more profits compared with other investment sectors over the last 10 years, according to a recent survey.

The high earnings in the sector is in line with the soaring of housing prices over the decade. For instance, Beijing average housing prices spiked from 7,300 yuan ($1,122) per square meter to 35,000 yuan ($5,380), while Shanghai properties went up from an average worth of 7,000 yuan per square meter to 39,000 yuan.

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The survey conducted by China Central Television (CCTV) as well as the National Bureau of Statistics and China Post Group Corporation revealed that based on the Shanghai Composite Index, China's standard went up from 1,160 to about 2,900, while residents' annual per capital expenditure jumped nearly threefold, from 6,400 to 17,800 yuan.

The current study included 100,000 households from more than 30 provinces, municipalities and regions across the mainland. Participants were asked about their spending and investment choices, including possible concerns.

Former director of China's Ministry of Finance's Research Institute of Fiscal Science Jia Kang claims that even though the so-called golden era of the real estate industry has drawn to a close, prices are less likely to go down in the next few years, particularly in first-tier cities.

Meanwhile, in terms of financial priorities, the study found that a third of a Chinese family's funds is put into savings, and then this is followed by investments on resident real estate at 28 percent, insurance at 29 percent and securities at 5 percent.

Despite the upward trend of the real estate industry in the past 10 years, figures may change in the future, as more than half of the survey's respondents (27 percent) claim that this year, they prefer to invest more in insurance, then stocks and financial products. Chinese families' preference to invest in real estate falls down to the fifth place this year.

Tagsreal estate, Chinese investors, Investments