China News Service, Beijing, May 18 (Reporter Pang Wuji) In April, the cooling of the property market in many places in China continued. Among key cities, the number of cities where house prices fell month-on-month increased.

　　According to data released by the National Bureau of Statistics of China on the 18th, in April, among the 70 large and medium-sized cities in China, the sales prices of newly built commercial housing and second-hand housing fell in 47 and 50 cities respectively, an increase of 9 and 5 respectively from the previous month. indivual.

　　Yan Yuejin, research director of the Think Tank Center of the E-House Research Institute, pointed out that according to the agency's calculations, the price index of new commercial housing in 70 cities across the country in April fell by an average of 0.3% month-on-month and 0.1% year-on-year.

This is the first year-on-year decline in house prices since December 2015, indicating that the real estate market is facing greater downward pressure.

　　Since the beginning of this year, the decline of new and second-hand housing prices in 70 cities has once shown a trend of narrowing. The number of cities with a month-on-month decline in housing prices has decreased compared with the end of last year, but the market recovery was hindered in April.

Chen Xiao, a senior analyst at the Zhuge Housing Data Research Center, pointed out that among the 70 cities in April, the number of new and second-hand houses both stopped rising and turned to fall. near the end of 2021.

　　Xu Xiaole, chief market analyst at the Shell Research Institute, pointed out that since the beginning of this year, most urban real estate control policies have been relaxed but market feedback has been weak.

According to data from the National Bureau of Statistics, the sales area of ​​newly built commercial housing across the country fell by more than 40% month-on-month in April.

According to data from the Shell Research Institute, the number of second-hand housing transactions in Shell 50 cities in April fell by more than 20% month-on-month.

　　A drop in market transactions will bring downward pressure on prices.

Xu Xiaole believes that the fundamental reason for this situation is weak market expectations.

The repeated epidemics and geopolitical conflicts have increased the downward pressure on the economy. The decline in income expectations has led to a reduction in residents' risk appetite, and the recovery of market confidence has been hindered.

　　During the month, the prices of new houses in first-, second- and third-tier cities showed a trend of cooling month-on-month.

The sales price of new commercial residential buildings in first-tier cities increased by 0.2% month-on-month, a decrease of 0.1 percentage points from the previous month.

The sales price of newly-built commercial housing in second-tier cities changed from being flat to a decrease of 0.1% month-on-month; the sales price of newly-built commercial housing in third-tier cities fell by 0.6% month-on-month, a decrease of 0.4 percentage points from the previous month.

　　Zhang Bo, Dean of the 58 Anju Room Real Estate Research Institute, believes that in May, the pace of the introduction of supportive policies for the property market in various places accelerated, and the number of cities that eased restrictions also continued to increase. Coupled with the adjustment of the mortgage interest rate policy, it is expected that the overall market enthusiasm will be further improved in the follow-up, and the policy effectiveness will be improved. Or manifest in June.

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