China News Agency, Beijing, February 28 (Reporter Pang Wuji) Driven by the loosening of the credit environment and local supportive policies, after the Spring Festival, the transaction activity of the property market in many places has increased rapidly.
Data map: real estate.
Photo by China News Agency reporter Zhang Bin
A report released by the Shell Research Institute on the 28th showed that in February 2022, the second-hand housing price index in the 50 cities monitored by the agency was the same as in January, ending the continuous month-on-month decline since August last year, and the number of cities fell. Reduced to 22.
Second-hand housing prices in first-tier cities such as Beijing, Shanghai, and Guangzhou maintained a slight increase, with an increase of less than 1%; Shenzhen ended the month-on-month decline for six consecutive months since last August and turned to a slight increase.
Among the second- and third-tier cities, Ningbo, Hangzhou, Shaoxing and other cities stopped falling and turned up in February from the previous month; Tianjin, Xuzhou, Changzhou and other cities saw a smaller month-on-month decline.
Steady house prices are directly related to the rebound in transaction volume.
The report pointed out that after the Spring Festival, the transaction volume of second-hand housing rebounded rapidly.
The second-hand housing transaction volume in 50 cities increased by about 4% month-on-month in February.
Considering the Spring Festival holiday and the small number of natural days, the market recovery in February was obvious.
Especially after the holiday, the transaction volume rebounded rapidly. From February 7 to the end of the month, the average daily transaction of second-hand housing in 50 cities increased by about 40% compared with the daily average in January, and exceeded the daily average in December by about 10%.
In terms of cities, more than 40% of the 50 cities saw a month-on-month increase in transaction volume in February.
In cities such as Xi'an, Tianjin, and Zhengzhou, which were greatly affected by the epidemic in January, the concentrated release of housing demand in February led to a significant month-on-month increase in second-hand housing transactions.
For example, the transaction volume in Xi'an in February exceeded 9 times that in January, an increase of more than 20% compared with December last year.
As for the reasons for the market repair, the Shell Research Institute analyzed that, on the one hand, the mortgage interest rate was further cut, and the bank loaned out faster.
On the other hand, the density of local supportive policies (or actual implementation) has increased.
After the Spring Festival, cities or regions such as Shaoxing, Nanning, Heze, Ganzhou, Foshan (non-restricted purchases), and Nanxun District of Huzhou will reduce the down payment ratio for house purchases, provide housing subsidies for talents, and relax settlement and relaxation.
The policy continues to release stability maintenance signals.
Recently, Wang Menghui, Minister of Housing and Urban-Rural Development, said that in 2022, we should focus on strengthening the regulation of the real estate market, promoting the structural reform of the housing supply side, and implementing urban renewal actions.
Among them, it is clearly stated that "strive to play a positive role in stabilizing the macroeconomic market".
Regarding real estate regulation, he emphasized: "guarantee the rigid demand for housing while meeting reasonable needs for improvement."
With supply and demand active and expectations improving, experts predict that the overall real estate market may increase in volume and stabilize in March.
At the same time, the market prices between cities are differentiated, and cities with weak recovery will still be in the bottoming stage in the short term.