China News Agency, Beijing, July 15 (Reporter Pang Wuji) In June, the housing price data of major cities in China continued to maintain a steady recovery trend.

  According to data released by the National Bureau of Statistics of China on the 15th, in June, among China's 70 large and medium-sized cities, the prices of newly built commercial housing in 31 cities rose month-on-month, 38 cities fell month-on-month, and 1 city remained unchanged.

The number of cities where new house prices rose month-on-month increased by 6 compared with the previous month, and the number of cities where prices fell month-on-month decreased by 5 compared with the previous month.

  Yan Yuejin, research director of the Think Tank Center of E-House Research Institute, pointed out that according to estimates, the average price of new commercial housing in 70 cities in China in June fell by 0.1% month-on-month, and the decline continued to narrow.

The improvement in the month-on-month data shows that housing prices are trying to get out of the cooling channel.

However, he pointed out that because the previous property market adjustment lasted for a long time and the degree of adjustment was deeper, it is expected that the real recovery of housing prices will not wait until the fourth quarter of this year.

  Looking at different tier cities, Sheng Guoqing, chief statistician of the City Department of the National Bureau of Statistics, pointed out that in June, the sales price of new commercial housing in first-tier cities rose by 0.5% month-on-month, an increase of 0.1 percentage points from the previous month; the price of new houses in second-tier cities increased from the previous month. The monthly decline turned into an increase of 0.1%; the third-tier cities fell by 0.3% month-on-month, the same decline as the previous month.

  In June, the price increase of new houses in first-tier cities expanded, and second-tier cities stopped falling and turned upward.

Chen Xiao, a senior analyst at Zhuge Housing Data Research Center, believes that overall, with the gradual effect of the loosening policy, first-tier cities have led the recovery, and they have begun to rotate to strong second-tier cities.

  It is worth noting that in June, the price growth of new and second-hand housing in Chengdu ranked first, with an increase of 1.3% and 2% respectively.

Recently, housing prices in Chengdu have been among the top gainers for many consecutive months, with a strong upward trend.

Hangzhou's new home prices rose 1% month-on-month in June, second only to Chengdu.

Chen Xiao said that the current top-ranking cities are all first-tier and hot second-tier cities, and these cities will lead the recovery in this round of market conditions.

  Xu Xiaole, chief market analyst at Shell Research Institute, believes that the price recovery in June was driven by market transactions.

Mortgage interest rates fell in June and housing support policies were stepped up, boosting the release of housing demand.

  Data show that in June, the sales area and sales of new commercial residential buildings across the country increased by more than 65% month-on-month, and the growth rate increased significantly from the previous month.

According to data from the Shell Research Institute, the number of second-hand housing transactions in Shell 50 cities in June increased by nearly 30% month-on-month.

Among them, the transaction volume of second-hand housing in Chengdu, Hangzhou, and Chongqing increased significantly.

Xu Xiaole believes that the positive performance of trading volume is passed on to the price side, driving the price to improve month-on-month.

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