China-Singapore Online, July 7th (Reporter Miao Lu) Shanghai University of Finance and Economics Applied Statistics Research Center and Shanghai Social Survey Research Center Shangcai Branch Center released on the 7th "The second quarter of 2020 Shanghai University of Finance and Economics Shanghai Social Economic Index Series "In the second quarter of 2020, the index of Shanghai consumers' time to buy a house continued to rise to 80.3 points, up 8.2 points month-on-month and up 10.9 points year-on-year; the index of expected time to buy a house was 87.1 points, up 4.4 points month-on-month and 16.2 points year-on-year. The new Coronary Pneumonia epidemic just experienced this quarter has not affected the property market's slight pick-up, making consumers' willingness to buy a house and their expectations to rise.
Professor Xu Guoxiang, Director of the Applied Statistics Research Center of Shanghai University of Finance and Economics, Director of the Shanghai Finance Research Center of the Shanghai Social Survey Research Center, and Professor Wu Chunjie and Associate Professor Cui Chang of the School of Statistics and Management pointed out that with the gradual absorption of regulatory policies by the market, real estate prices have also returned to rationality. Consumers’ willingness to buy a house is slowly released. The results of this quarter’s survey show that 30.1% of consumers believe that it is a “good” time to buy a house, an increase of 4.8 percentage points month-on-month and an increase of 9.5 percentage points year-on-year; It was 49.8%, a decrease of 3.3 percentage points and 1.5 percentage points from the previous quarter and the same period last year. However, it should be noted that the current recovery in the property market shows certain structural characteristics, part of which is just released, part of which is less affected by the new coronary pneumonia epidemic and people who have a need for risk avoidance. In this case, the willingness to buy reflects Is the judgment of the market.
In this quarter, consumers’ buying expectations in the next six months have changed synchronously with their current purchase intentions. The consumers who think the timing is “good” are 35.2%, which is an increase of 4.1 percentage points from the previous quarter and a substantial increase of 15.4 percentage points year-on-year; The number of consumers who think the timing is "bad" is 48.1%, which shows little change from the previous quarter and the same period last year, with a slight decrease of 0.4 and 0.9 percentage points respectively. The prospect of buying a house is basically the same as the current tendency to buy a house, and the expectation is slightly better than the current judgment. The Shanghai property market has gradually returned to a healthy state. At the same time, the monetary environment is relatively loose, and consumer confidence and purchase expectations have also increased.
In addition, this quarter’s survey data shows that consumers’ attitudes toward the effects of regulation in this quarter are generally satisfactory, and a long-term mechanism for the Shanghai real estate market has been gradually formed and has been recognized by consumers, especially after this The impact of the next new pneumonia epidemic has not yet been loosened in policy, so the effect of regulation has been affirmed. (Finish)