China News Service, Beijing, August 25 (Reporter Pang Wuji) E-House Real Estate Research Institute released the latest issue of "National Hundred Cities Housing Price Report" on the 25th, saying that compared with the first half of the year, housing prices in cities overheated from January to July (the year-on-year increase exceeded 20%) has decreased, and the year-on-year (accumulated at the beginning of the year) increase in housing prices has declined for 5 consecutive months. Recently, the effect of tightening the property market in some cities has begun to show.
According to data, from January to July, the average transaction price of newly-built commercial residential buildings in 100 cities across the country was 15,647 yuan (RMB, the same below) per square meter, up 10.4% year-on-year. Since March, the year-on-year increase (accumulated at the beginning of the year) curve of housing prices in 100 cities has been downward for 5 consecutive months.
In terms of different cities, Jiangyin, Zhuhai, Chengdu and other cities ranked top in house price growth from January to July. Among them, Jiangyin's house prices rose the most year-on-year, reaching 26%, followed by Zhuhai, with an increase of 25%.
Taking house prices up by more than 20% year-on-year as the "overheated" standard, the report said that from January to July, housing prices in 8 cities were in the "overheated" range, including Jiangyin, Zhuhai, Chengdu, Yinchuan, Chuzhou, Suzhou, Harbin and Qinhuangdao. This data is one less than January-June.
Yan Yuejin, research director of the Think Tank Center of E-House Research Institute, said that the relative curve of house price growth from January to July this year continued to decline, indicating that house prices are cooling. July this year is the “Month of Regulation and Control”, and the property market is tightened in many places. Generally speaking, July is the traditional low season for transactions. Some real estate companies will choose to cut prices at this time, which will bring about the phenomenon of narrowing the price increase.
Recently, officials have frequently released signals that "housing and living are not speculation". Last week, the Ministry of Housing and Urban-Rural Development of China and the People's Bank of China held a seminar on key real estate companies in Beijing. While reiterating that "housing should not be speculated", the meeting revealed that key real estate companies have formed fund monitoring and financing management rules.
Yan Yuejin said that it is expected that all regions will tighten the string of real estate regulation, and will take stricter measures for cities where housing prices are rising too fast. From the perspective of real estate companies, many companies achieved only about 40% of their sales performance in the first half of the year. In the second half of the year, there is greater pressure to catch up with their sales targets. This year, real estate companies will continue to reduce prices and promote sales. (Finish)