Institution: China's new housing market increased by nearly 40% in June, the best market in the first half of the year
China News Service, Beijing, July 1 (Reporter Pang Wuji) A research report released by the Think Tank Center of the E-House Research Institute on the 1st showed that the transaction volume of new houses in Hundred Cities in June increased by 37% month-on-month, and the new house market had the best market in the first half of the year.
The report pointed out that in June 2022, the transaction area of new commercial housing in 100 cities across the country was 28.37 million square meters, a month-on-month increase of 37% and a year-on-year decrease of 34%.
In June, it showed a good trend of "expansion of growth month-on-month and narrowing of year-on-year decline", and at the same time became the best month for transactions in the first half of this year.
This round of cooling in the property market began in June last year, and until April this year, the overall volume of new housing transactions in the property market showed a trend of continued expansion.
However, in May, this trend began to reverse, the decline continued to narrow in June, and the property market showed signs of recovery.
But overall, the road to recovery in the property market is not smooth.
The above-mentioned report pointed out that in the first half of this year, the transaction area of newly built commercial housing in 100 cities across the country was 132.82 million square meters, a year-on-year decrease of 49%.
In layman's terms, current market transactions are only half the level of the same period last year.
Among them, the transaction volume of new houses in first- and second-tier cities both experienced double-digit declines year-on-year.
In cities such as Xi'an, Chengdu, Qingdao, and Guiyang, the decline in transaction volume was relatively small.
The data released by the Middle Finger Research Institute on the same day also confirmed this trend.
According to the agency's statistics, in the first half of the year, the transaction volume of new commercial housing in China's key 100 cities was the lowest in the same period in recent years, down by more than 40% year-on-year.
In June, the policy optimization combined with the weakening of the impact of the epidemic, and the sales margin improved. The transaction area of key cities in June increased by about 50% month-on-month and decreased by about 27% year-on-year.
(If the impact of centralized online signing of affordable housing in some cities is excluded, the transaction area in June increased by about 38% month-on-month and decreased by about 34% year-on-year.)
Data from the Crane Research Center also shows that after estimating the June transaction data of 30 key cities, it is found that due to the increase in supply and the superposition of favorable policies, the confidence in home purchases has steadily recovered.
In a single month in June, the total transaction area of 30 typical cities reached 17.16 million square meters, an increase of 21% month-on-month and a year-on-year decrease of 43%. The cumulative year-on-year decline from January to June narrowed to 49%.
(Finish)
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