China News Agency, Nanjing, April 2 (Reporter Zhu Xiaoying) The transaction data of new houses and second-hand houses highlights that the traditional peak season of the Yangtze River Delta property market "gold three silver four" is obviously insufficient.

Entering April, the large-scale push in the Yangtze River Delta will push up the inventory of the property market again, and the pressure to de-escalate will still exist.

　　Shanghai, the leading city in the Yangtze River Delta, has been affected by the epidemic, and the property market has been temporarily in a "frozen" state recently.

The real estate markets in Nanjing, Hangzhou and other places opened up and down in the first quarter of 2022, showing a bleak performance.

　　Nanjing online real estate data shows that as of March 31, the Nanjing property market had subscribed 5,731 new houses and sold 21,129 units in the first quarter of 2022. The number of subscriptions was nearly halved year-on-year, a 43% drop; Inventory reached an all-time high, exceeding 75,000 units.

However, the total transaction volume of second-hand houses in Hangzhou in the first quarter was not as good as that in March last year, and the number of second-hand houses listed remained high.

　　"The reason is that the financial pressure of enterprises has not been completely improved, the wait-and-see mood of home buyers has intensified, and the multi-point distribution factors of the domestic epidemic are superimposed. The property market's 'little spring' in March may be long overdue." The Middle Finger Research Institute pointed out in the analysis report.

　　Maintaining the stability of funds in the real estate market, relaxing the conditions for talent settlement, issuing housing subsidies, lowering down payment ratios, lowering loan interest rates, and accelerating commercial loan and provident fund lending... Zhang Dawei, chief analyst of Centaline Real Estate, took stock of the new policies in the property market across the Yangtze River Delta since the beginning of this year. Continuously, but it will take time for the warming "temperature" to be transmitted to the market and real estate enterprises.

　　On the one hand, the real estate industry is still in a period of deep adjustment.

According to statistics from the Crane Research Center, in the first quarter of this year, the sales performance of China's top 100 real estate companies shrank by 47% year-on-year.

The sales of new houses are cold, and the capital chain of housing companies is tight. In addition to ensuring delivery and promoting construction, housing companies remain cautious about newly started projects, and the scale of construction may be further reduced.

　　On the other hand, the phenomenon of "relaxation of credit policy" is coexisted with the phenomenon of "residents' confidence in purchasing houses".

According to the statistics of the Shell Research Institute, from the perspective of the transaction volume in the first quarter of 2022, the recovery of the property market in the Yangtze River Delta is uneven: Except for the cities affected by the epidemic, the transaction volume of the property markets in Shaoxing, Ningbo, Hefei, Nantong and other places increased by more than 40% month-on-month. %.

　　What can be seen is that the policy "spring breeze" is still increasing.

In April, there were new changes in the new round of centralized land transfer policies in many places in the Yangtze River Delta.

For example, land auctions in Nanjing and other places have lowered the threshold and the premium rate has risen slightly.

This will bring more enthusiasm to real estate companies: the price limit of the rough plots will be raised, the lottery land price will decrease month-on-month, the ratio of land to goods will increase, and the profit margin of land acquisition will increase.

　　Wang Fei, managing director of CBRE Nanjing, said in an interview that with the arrival of "spring breeze" and the heavy supply in April, it is expected that the transaction volume of new houses may bottom out in the second quarter of this year.

However, the logic of differentiation remains unchanged: core cities and sectors are relatively well-distributed, while non-core cities and sectors are still dominated by flat promotion, and the de-distribution situation is unlikely to improve in the short term.

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