China News Agency, Beijing, July 16 (Reporter Pang Wuji) In June, housing prices in large and medium-sized cities in China continued to pick up.

　　According to data released by the National Bureau of Statistics on the 16th, among 70 large and medium-sized cities, the prices of newly built commercial housing in 61 cities rose month-on-month, 7 cities fell month-on-month, and 2 cities remained flat. The number of cities with new house prices rose to a new high since July 2019.

　　As the number of cities with rising housing prices has risen, so has the increase in housing prices. Yan Yuejin, Director of Research at the Think Tank Center of E-House Research Institute, pointed out that according to estimates, in June, the average price of newly built commercial housing in 70 cities rose by 0.6% month-on-month. Signals of continued recovery in the market.

　　Second-hand housing prices also showed signs of recovery. Of the 70 large and medium-sized cities in the month, second-hand housing prices in 50 cities rose month-on-month, setting a new high in the past 13 months; the average increase in second-hand housing prices in 70 large and medium-sized cities also expanded slightly.

　　Among the 70 cities in June, the city with the largest increase in new house prices was Yinchuan, which increased by 1.9% month-on-month; in addition, the price of new houses in Tangshan rose by 1.5% month-on-month, and the price increase ranked the forefront of 70 cities for four consecutive months.

　　In the same month, the city with the largest increase in second-hand housing prices was Shenzhen, with a 1.9% increase. The second-hand housing prices in Wuxi, a city in the Yangtze River Delta region, rose 1.6% from the previous month, and 70 cities ranked second.

　　Xu Xiaole, chief market analyst at Shell Research Institute, pointed out that house prices in core cities continued to rise in June, which was mainly due to the recovery of the market after the epidemic. Under relatively loose liquidity, the need to purchase housing in core cities to achieve asset preservation and appreciation has increased, and high-price, large-family improved house purchase transactions have increased significantly.

　　Among the first-tier cities, Shenzhen saw the highest increase in house prices. This is related to the quantity and structure of the supply of commercial housing in Shenzhen. At the same time, some investment demand has entered the market with the help of financial credit channels, pushing up expectations for rising.

　　In the second half of the year, Xu Xiaole believed that monetary easing has contracted and the financial sector has strengthened supervision of capital flows. Shenzhen has recently introduced a new regulation policy, tightening the house purchase policy, which can cool the market that has heated up in the early days, and house prices will see a certain degree of callback. Other cities with higher housing price pressure will also have the potential to increase regulation. In general, the government will not re-stimulate real estate because of economic growth and fiscal revenue pressures. Returning funds to the real economy is the current policy direction.

　　Since July, four cities in Hangzhou, Dongguan, Ningbo, and Shenzhen have issued tightening policies for property market regulation. (Finish)