House prices in large and medium cities narrowed in July

  News from our newspaper (Reporter Cao Zheng) In the second half of the year, the property market regulation policies in Hangzhou, Ningbo and other places were suddenly tightened, quickly pouring cold water on the market with obvious warming momentum. Judging from the data released by the National Bureau of Statistics yesterday, the effect of the regulatory policy is obvious. In July, the price of new and second-hand houses in 70 large and medium-sized cities increased compared with the previous month, and the number of cities in which the prices of new and second-hand houses increased slightly.

  In July, the sales price of new homes in first-tier cities increased by 0.5% month-on-month, and the increase was 0.1% lower than the previous month. Beijing, Shanghai, Guangzhou, and Shenzhen rose by 0.3%, 0.4%, 0.8% and 0.6% respectively; second-hand houses rose by 0.7% month-on-month. The growth rate fell by 0.3 percentage points from the previous month, while Beijing remained flat, while Shanghai, Guangzhou and Shenzhen rose 0.5%, 1.6% and 1.2% respectively.

  The sales price of new homes in 31 second-tier cities increased by 0.5% month-on-month, 0.4 percentage points lower than the previous month; second-hand housing increased by 0.5% month-on-month, the same rate as the previous month. Second-hand housing in 35 third-tier cities rose 0.8% and 0.5% month-on-month, respectively, the same as last month.

  With the gradual improvement of the epidemic situation and the rise in market enthusiasm, the real estate market in some cities in the first half of the year heated up too fast, especially in Shenzhen and Hangzhou, but it soon attracted more stringent control policies. In mid-July, Shenzhen's "boots" with additional restrictions on purchases landed, setting a house purchase threshold for Shenzhen's local household registration of "settlement for 3 years and full social security for 36 months". This move is rare in the country and was rated as "the most stringent regulation in history."

  "The impact of the domestic epidemic has gradually faded and the market has gradually recovered. With the gradual release of the previous backlog of demand, the market has returned to rationality, and in July, some cities with overheated housing markets have successively introduced regulatory policies, and the popularity of the new and second-hand housing markets has declined. "Chen Xiao, an analyst at the Zhuge Real Estate Data Research Center, said that Shenzhen, Ningbo, Hangzhou, etc. have successively introduced new regulatory policies to cool the property market, and the market has declined, but the overall level is still at a relatively high level.

  Take Shenzhen as an example. In July, the new house price index rose by 0.6%, which was 0.2 percentage points lower than the previous month. The market has cooled after the New Deal; Shenzhen rose 1.2%, and the growth rate narrowed by 0.7 percentage points, but still ahead of other first-tier cities. Among the second-tier cities, Hangzhou was affected by the regulation, and the increase in new house prices narrowed by 1% month-on-month.

  "On the whole, the current housing prices are still at a high level, but the trend has clearly risen and fallen." Zhang Dawei, chief analyst of Centaline Real Estate, judged that the price increase in June is likely to be the top of 2020, because the property market policy orientation has changed. Policies in many places and even central government departments have been tightened. According to incomplete statistics, as of August, 11 cities across the country have tightened their property market control policies.

  For the August property market wind direction, "tighten" or continue to be the key word for regulation in many places. "For cities with high housing prices in the first half of the year, follow-up adjustments may follow to achieve the requirements of housing no speculation." Chen Xiao judged.