China News Service, Beijing, June 2 (Reporter Pang Wuji) Although the real estate transaction volume in many places in China in May still maintained a large year-on-year decline, the property market is expected to show signs of stabilization.
According to the 2022 National Housing Index Report for May 2022 released by 58.com and Anjuke on the 2nd, the search for new houses in China picked up that month, up 10.5% month-on-month.
Among the 65 key cities, Kunshan, Changchun, Suzhou, Nantong, Taiyuan, and Zhongshan saw relatively high increases in housing activity.
Looking at the energy level of the cities, the popularity of housing search in first-tier cities increased by 6.5% month-on-month, the second-tier cities increased by 10.8% month-on-month, and the third- and fourth-tier key cities increased by 11.8% month-on-month.
The homebuyer confidence index continued to decline during the month.
The home buyer confidence index in May 2022 was 93.6, down 10.5% month-on-month.
48.1% of the surveyed home buyers believe that the trend of the property market policy in June will be slightly relaxed.
Regarding the view of the future property market transaction trend, 24.0% of the buyers believe that the property market transaction will be basically flat in June; 45.6% of the buyers are still on the sidelines.
From the perspective of the second-hand housing market, the real estate agent confidence index in May 2022 was 95.9, a month-on-month increase of 5.4%.
More than half of the real estate brokers said that the price of second-hand housing will continue to remain stable in June, and 41.3% of the brokers believe that the transaction volume of the second-hand housing market in June 2022 will increase month-on-month.
From the perspective of online housing prices, the average online price of new houses in 65 cities in May was 17,549 yuan per square meter (RMB, the same below), an increase of 0.11% month-on-month. The average online price of new houses in 26 of the 65 key cities across the country increased month-on-month.
The average online listing price of second-hand houses in 65 cities was 16,887 yuan per square meter, down 0.10% from the previous month. The average price of second-hand houses listed in 26 of the 65 cities nationwide rose month-on-month.
Among the cities that implemented the second-hand housing reference price system, the listed prices of 5 cities decreased month-on-month, and the other cities increased slightly.
According to a study by Zhuge Housing Data Research Center, after the real estate market sentiment in 50 cities rebounded in April, the market sentiment index continued to rise slightly in May.
The agency predicts that second-tier cities are expected to take over the first-tier cities and stand out in the next round of restoration.
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