China News Agency, Beijing, April 1 (Reporter Pang Wuji) Under the influence of the new crown pneumonia epidemic, a number of core data in the Chinese real estate market declined significantly in the first quarter.
Cao Jingjing, research director of the Index Division of the China Index Research Institute, pointed out at a monthly sharing meeting on the 1st that in the first quarter, China's 100 cities (newly built) housing prices rose by 0.18%, a quarterly increase since the start of the rise in May 2015 The lowest value was 0.37 percentage points lower than the same period last year.
The data released by the China Index Research Institute on the same day showed that in March 2020, the average price of residential buildings in Baicheng was 15,195 yuan per square meter, an increase of 0.14% month-on-month, and this figure fell 0.24% last month.
The transaction volume in the property market has also declined significantly. According to the agency's monitoring, in the first quarter, the average monthly transaction area of commercial residential buildings in 50 representative cities was about 14 million square meters, the lowest level since the same period in 2011. .
It is worth noting that after the sharp reduction in February, the real estate market in many places has gradually recovered since March.
Cao Jingjing pointed out that although the epidemic situation of the new crown pneumonia has not been completely eliminated, with the orderly progress of resumption of work and production in various places, the overall push of key cities has increased compared with last month. At the same time, sales offices in many places have been opened one after another, and the transaction in the new house market is gradually recovering. The market of some hot cities recovered quickly. In March, Shenzhen, Hangzhou, Hefei and other cities' new house market weekly transaction volume has exceeded the same period last year.
In some cities, iconic scenes that symbolize the booming property market, such as the "Japanese CD", "Second CD", and rushing to buy, have also begun to appear.
Looking ahead, the Middle Finger Institute believes that the short-term market pressure is mainly due to the impact of the epidemic outbreak. As the epidemic prevention and control achieved substantial results, offline sales offices resumed operations, land sales returned to normal, and construction workers arrived smoothly. Post, the real estate market adjustment will be significantly eased. The short-term industry policy environment still has the optimization expectation on the premise that it does not violate the main tone of "housing, living and not speculating." Under the influence of the epidemic, part of the demand for rental housing has been transformed into the demand for home ownership, and demand for improvement will also be actively released. Based on comprehensive consideration, it is expected that the supply and demand ends of the real estate market will gradually recover in the second quarter. (Finish)