China News Service, July 7 (Reporter Zuo Yukun) "It is expected that in 2022, the national real estate market will show the characteristics of 'the sales scale has dropped from a high level, the newly started area has dropped significantly, and the investment is facing adjustment pressure'."
On July 7, the "Summary of China's Real Estate Market in the First Half of 2022 & Trend Outlook for the Second Half of the Year" issued by Beijing Zhongzhi Information Technology Research Institute stated as above.
The report pointed out that in the first half of 2022, the prices of newly built and second-hand homes in Baicheng both increased slightly, with an increase of 0.15% and 0.17% respectively, which was significantly narrower than the same period in 2021.
Affected by multiple factors such as repeated epidemics in many places and insufficient market activity, the prices of newly built and second-hand housing in 100 cities in the second quarter both rose and fell within 0.05% month-on-month, and the overall housing prices showed a stable and sideways trend.
In terms of transactions, in the first half of the year, the transaction area of newly-built commercial housing in key 100 cities decreased by over 40% year-on-year, and the third- and fourth-tier cities saw the largest year-on-year decline.
From May to June, the policy optimization and the impact of the epidemic gradually weakened, the market demand was marginally restored, and the real estate market in hot cities recovered slightly. The year-on-year decline in the transaction area of key 100 cities continued to narrow, and the month-on-month increase in May continued to increase in June.
In terms of land, in the first half of the year, the supply and demand of residential land in the 300 cities nationwide shrank significantly, the transaction floor price was basically stable, and the premium rate remained low.
In terms of enterprises, in the first half of the year, the sales of 9 real estate enterprises exceeded 100 billion yuan.
For the property market in the first half of 2022, "regulation" is an important keyword.
According to statistics, in the first half of the year, more than 180 provinces and cities across the country have relaxed their real estate control policies in terms of reducing the down payment ratio, increasing efforts to attract talents, issuing house purchase subsidies, and increasing the amount of provident fund loans. Nearly 500 times.
"Hot first- and second-tier cities have strong demand, so policy adjustment and optimization are more cautious; ordinary second- and third- and fourth-tier real estate markets are under great pressure to adjust, and the frequency of policy adjustment is high, but the market is less sensitive to optimization of adjustment measures, and the policy effect is not effective. Obviously," said the Middle Finger Research Institute.
"The improvement of house replacement has become the mainstream demand. The proportion of improved house purchases in the country exceeds 30%. The second-tier, third- and fourth-tier improvement needs are more dominant, while the first-tier cities are still dominated by rigid needs." Indicates when buying a property.
Looking forward to the second half of the year, the China Index Research Institute believes that from the perspective of short-term policies, the frequency of policy issuance in various regions may remain high until the market has not improved significantly, and there is room for improvement on both sides of supply and demand. The loosening of policies in tier cities continued to increase.
(Zhongxin Finance)