China News Agency, Beijing, April 1 (Reporter Pang Wuji) According to data released by the China Index Research Institute on the 1st, from January to March 2022, the price of newly built residential buildings in Baicheng increased by 0.06%, and the cumulative increase was at the lowest point in the same period in the past seven years.
At the monthly real estate situation analysis meeting held on the same day, Meng Xinxin, an analyst of the Index Division of the China Index Research Institute, revealed that according to the agency's statistics, in the first quarter of 2022, the price increase of new houses in China's 100 cities narrowed by 0.71 percentage points compared with the same period last year, which was 2016. The lowest level since the same period.
In the first quarter, among the 100 cities, 59 cities experienced a cumulative decline in the price of newly built houses, an increase of 36 over the same period last year.
In a single month in March, the price of new houses in Baicheng rose for the second consecutive month, but the increase was weak.
According to the statistics of the China Index Academy, the average price of new residential buildings in 100 cities was 16,189 yuan per square meter, up 0.03% month-on-month and 1.72% year-on-year.
Since the beginning of this year, many places have introduced policies to stabilize the property market, but due to repeated epidemics and lack of confidence, the property market has not yet rebounded significantly.
Meng Xinxin pointed out that since 2022, more than 60 cities across the country have stabilized the property market by reducing the down payment ratio, lowering mortgage interest rates, increasing the amount of provident fund loans, increasing talent introduction, and issuing housing subsidies.
Such as: Nanning, Beihai, Tangshan and other cities reduce the mortgage down payment ratio.
However, in the first quarter, the transaction volume of the property market still showed a large decline.
The data shows that in the first quarter of 2022, the transaction area of commercial housing in 100 cities was about 29.63 million square meters, a year-on-year decrease of 40.5%, a decrease of 19.0% compared with the average of the same period in 2019-2021, and a decrease of 17.0% compared with the same period in 2019. The overall market sentiment On the low side, the transaction scale is at a low level in the same period in history.
In March, the "little spring" of the property market expected by some institutions did not appear.
Meng Xinxin said that under the influence of factors such as repeated epidemics in some areas, the recovery of market activity was less than expected, and the transaction area of key cities in March fell by nearly 50% year-on-year under a high base.
Most urban real estate markets are still in deep adjustment.
In terms of sub-regions, the cumulative increase of new houses in the Pearl River Delta and Yangtze River Delta regions in the first quarter rose slightly, and the cumulative increase of new houses in Guangzhou, Changzhou, Xi'an and other cities ranked among the top 100 cities.
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