China News Agency, Beijing, August 16 (Reporter Pang Wuji) House prices in China's large and medium-sized cities have shown signs of cooling for two consecutive months.
According to data released by the National Bureau of Statistics of China on the 16th, in July 2021, among the 70 large and medium-sized cities in China, housing prices in 51 cities increased month-on-month, 16 cities decreased, and 3 cities remained flat.
That month, the number of cities where housing prices rose month-on-month decreased by 4 compared with the previous month, setting a new low for the year.
The increase in house prices also continued to narrow.
According to statistics from the Zhuge Housing Search Data Research Center, the average growth rate of new houses in 70 cities that month was 0.3%, which was 0.11 percentage points lower than the previous month, and the growth rate was at the lowest level of the year.
The second-hand housing market shows the same cooling trend.
In July, among the 70 large and medium-sized cities, the number of cities where the price of second-hand housing increased month-on-month was 41, which was a decrease of 7 from the previous month; 3 cities were flat, a decrease of 3 from the previous month; 26 cities that fell, an increase from the previous month 10.
In July, the price of second-hand housing in 70 cities rose by an average of 0.11% month-on-month, and the growth rate narrowed by 0.17 percentage points from the previous month.
According to statistics, in July, the number and average increase in second-hand housing prices in 70 large and medium-sized cities were at the lowest level during the year.
Xu Xiaole, chief market analyst at the Shell Research Institute, pointed out that the overall price increase in July narrowed.
Cities where housing prices rose rapidly in the early stage, such as Shanghai, Guangzhou, Chengdu, Chongqing, Hefei, etc., experienced a trend of narrowing and stabilizing housing prices in July.
The scope of house price adjustment covers various cities including first-tier, core second-tier and hot third-tier cities.
Xu Xiaole believes that the tightening of the credit environment and the continuous "patching" of superimposed controls are the main reason for the adjustment of housing prices.
On the one hand, under the management of the concentration of real estate loans, more banks have raised mortgage interest rates and extended lending cycles; on the other hand, first- and second-tier cities such as Shanghai and Hangzhou have tightened controls to fill loopholes in housing donations, settlements to buy houses, and sales restrictions; In addition, the regulation has penetrated into third- and fourth-tier cities, and cities such as Xuzhou, Huizhou, and Jinhua have entered the Ministry of Housing and Urban-Rural Development's monitoring list of key cities and tightened regulation in a timely manner.
Li Yujia, chief researcher of the Guangdong Provincial Housing Policy Research Center, believes that at present, the price control of new houses is fully launched. Hot cities have very strict management of pre-sale certificates, and the regulation of second-hand houses in hot cities will continue. Second-hand housing reference price system and listing review The system will be fully implemented, and in addition, new land transfer rules will be introduced soon.
Li Yujia predicts that the growth rate of new and second-hand housing prices in the third quarter will continue to fall.
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