The data map shows a new residential building in downtown Fuzhou.
(UAV photo) Photo by China News Agency reporter Lv Ming
China News Agency, Beijing, April 18 (Reporter Pang Wuji) According to data released by the National Bureau of Statistics of China on the 18th, in the first quarter, many core data of China's real estate industry continued to shrink.
Data show that from January to March, the national real estate development investment was 2,776.5 billion yuan (RMB, the same below), a year-on-year increase of 0.7%.
Chen Xiao, a senior analyst at Zhuge Housing Data Research Center, pointed out that the growth rate of real estate development investment has dropped for 12 consecutive months, and the growth rate has hit a new low in nearly 20 months.
The growth rate of development investment continued to decline, indicating that the confidence of real estate enterprises is still not strong.
Chen Xiao said that since the beginning of the year, positive signals have been released frequently. As of now, more than 70 cities across the country have loosened control. However, from the data performance, the investment confidence of real estate companies has not yet recovered significantly. In addition, the recent new crown epidemic has further aggravated the industry. Downward pressure, it is expected that it will take some time for the "warm current" to pass from the policy side to the investment side.
In terms of sales, data show that in the first quarter, the sales area of commercial housing in China was 310.46 million square meters, a year-on-year decrease of 13.8%; the sales of commercial housing was 2,965.5 billion yuan, a decrease of 22.7%.
Pan Hao, a senior analyst at the Shell Research Institute, believes that the cumulative year-on-year decline in sales of commercial housing from January to March continued to expand.
Pan Hao said that the main reason is that the high base and repeated epidemics have had a greater superimposed impact on the Yangtze River Delta, the Greater Bay Area, and the northeast region. According to the data released by the Bureau of Statistics, the cumulative sales in the eastern region and the northeast region have fallen respectively year-on-year. 27.7% and 33.9%, much higher than other regions, and it will take time for the market and confidence to recover.
On the same day, Fu Linghui, spokesperson of the National Bureau of Statistics and director of the National Economic Comprehensive Statistics Department, pointed out that although the current real estate sales are declining, with the moderate relaxation of purchase and sales restrictions in many places, the threshold for the use of provident funds is lowered, and the approval of home purchase loans is accelerated. , the housing demand in some cities has been released, and the decline in sales area has narrowed.
Fu Linghui said that in the next stage, all localities will adhere to "housing and not speculating", continue to stabilize land prices, house prices, and expectations, improve the long-term mechanism of the real estate market, and actively meet reasonable housing needs. The downward trend in the sales of commercial housing across the country may be alleviated.
With the continuous improvement of the long-term rental market and the accelerated construction of affordable housing, the real estate market is expected to gradually stabilize.
Chen Xiao believes that the sales area of new houses in 40 cities in China monitored by the agency in March rose by 16.59% month-on-month; the second-hand housing transaction volume reached the peak of the year, up 57.1% month-on-month.
Although it still fell year-on-year, market sales in March have gradually improved. With the gradual expansion of cities that have loosened control over the property market, it is expected that in the middle of this year, sales data are expected to turn positive year-on-year.
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