(Economic Observation) Breaking the "Golden Nine, Silver and Ten" law, Shanghai's second-hand housing market is booming at the end of the year

  China News Service, Shanghai, December 24 (Reporter Miao Lu) The property market generally has the saying "Golden Nine Silver Ten", but this year Shanghai did not follow this rule.

  Recently, the Shanghai citizen Zhanxiong has experienced the embarrassment of being urged to sell the house before it "covers the heat".

Zhanxiong had just completed a second-hand housing transaction in November, but then he kept receiving calls from real estate agents asking him if he wanted to sell.

  Zhanxiong told a reporter from China News Agency: "When I bought a house, I didn’t feel that second-hand houses were very popular. But at that time, I saw the real estate agency companies near the place where I bought the house suddenly changed from two to six, as if overnight. All appeared in between."

  When a reporter from China News Agency visited, he saw that on a street near the house purchased by Zhanxiong, several acres of real estate agency, Macalline Aijia, Lianjia, Zhongjia Real Estate, 21st Century Real Estate and other real estate agencies are standing next to each other. It can be seen that many shops have just opened.

  According to Zhanxiong, in these newly opened stores, the owner of one of them used to be an intermediary when he inspected the house. "When I inspected the house in June, he was still a salesman. Within a few months, he sent WeChat to follow I said that he jumped out and opened a new store with a few friends, and it was right next door. Maybe because the second-hand houses were too popular, they jumped out and went it alone."

  A few acres of real estate is the "new army" joining this second-hand housing "team battle". Its store manager Wang Can told the China News Agency reporter that because a relatively large shopping mall has just opened, and the school district with the neighboring houses is good, In recent months, the demand has been in short supply. "The house was once sold until it was not sold, but the demand has always been there. Therefore, we have been recruiting troops and letting the salespeople cast the net and actively search for housing."

  According to a report recently released by the Shanghai E-House Real Estate Research Institute, in November, the number of second-hand residential transactions in Shanghai was about 32,000, an increase of 13.5% month-on-month and an increase of 81.4% year-on-year. The transaction volume hit a 4-year high.

  Yan Yuejin, research director of the Think Tank Center of E-House Research Institute, said in an interview with a reporter from China News Agency that from the data, it can be seen that this year's second-hand housing has shown an industry trend of "rising steadily and hitting new highs".

From the perspective of rising steadily, the monthly data has clearly risen, and since the trough in February, it has actually rebounded significantly.

From the perspective of repeated record highs, in the past, second-hand housing transactions broke 28,000 sets per month, which was an “unbelievable” transaction. In 2020, there were two breaks of 30,000 sets, namely in September and November. This is obviously It shows that the market conditions are very good.

  Regarding the reason why the transaction of second-hand houses in Shanghai hit a four-year high, Lu Wenxi, an analyst at Shanghai Centaline Real Estate Market, said that the new crown pneumonia epidemic has made the world's monetary policy loose, and everyone has the mentality of asset preservation. This has led to strong market replacement demand and they have chosen to sell. Buying new houses with second-hand houses accelerates the supply of the second-hand housing market and promotes market transactions.

  In addition, the requirement of capital verification for buying new houses has also caused many buyers to switch to the second-hand housing market. Yan Yuejin pointed out that many people who buy new houses also need to abandon their original houses first, which also heats up the second-hand housing market in disguise. There are not many new houses in Shanghai, so some buyers will be forced to buy second-hand houses.

  "Affected by Shanghai's old reform policy, the target for the old reform in Shanghai this year is 28,000 households. After some houses are demolished, homeowners will buy neighboring second-hand houses because they are attached to the old environment or because they are optimistic about the demolition market. "Yan Yuejin added.

  The strong market demand has naturally brought about the rise in housing prices. From the October housing price index of 70 large and medium-sized cities announced by the National Bureau of Statistics of China, the Shanghai second-hand housing price index rose 0.5% month-on-month and 5.2% year-on-year.

  Lu Wenxi believes that, except for a few projects where the price of a second-hand house is severely upside down, there is an overheated "new" atmosphere, and overall price control in Shanghai is fairly normal.

  "In fact, if the property market this year is not related to the epidemic, I think it will slowly move upwards. However, the epidemic disrupted the market rhythm, and the original slow recovery state was released in a concentrated manner. If it goes at a normal pace, I think it will break out. The intensity may not be so great." Lu Wenxi said.

(Finish)