First-tier cities continue to lead the housing price increase in August, this hot city has the largest increase

　　China News Service, September 16 (Zhongxin Finance reporter Zuo Yukun) On the 16th, data released by the National Bureau of Statistics showed that in August, the increase in the sales price of commercial housing in various tier cities fell or expanded.

Among the 70 large and medium-sized cities, 50 and 56 cities saw a month-on-month decrease in the sales prices of new commercial housing and second-hand housing, an increase of 10 and 5 from the previous month.

　　Industry analysts believe that the current market is still under pressure to stabilize and stabilize.

However, new housing prices in hot cities are showing signs of improvement, especially key cities with sound fundamentals represented by Shanghai, Beijing, Nanjing, Hangzhou, Chengdu, Ningbo, Hefei, etc., continue to play a leading role.

Data map: There are many buildings in the urban area.

Photo by China News Agency reporter Wang Dongming

New home prices in 50 cities fell month-on-month

　　According to data from the National Bureau of Statistics, the sales price of new commercial housing in first-tier cities rose by 0.1% month-on-month in August, a decrease of 0.2 percentage points from the previous month. The sales price of commercial residential buildings decreased by 0.4% month-on-month, and the decline rate expanded by 0.1 percentage points from the previous month.

　　"The current trend of housing prices bottoming out has been hindered again, and housing prices in most cities have fallen back to a year ago." Li Yujia, chief researcher of the Housing Policy Research Center of the Guangdong Provincial Urban Planning Institute, pointed out that in August, the prices of new houses in 50 cities fell month-on-month, which was a record high in 2015. A new high since March; 49 cities fell year-on-year, which is also a new high since 2016.

　　In terms of second-hand housing prices, the sales price of second-hand housing in first-tier cities in August changed from a month-on-month increase of 0.2% to the same; It decreased by 0.5% month-on-month, and the decline rate increased by 0.2 percentage points from the previous month.

　　The decline in house prices is closely related to the decline in transaction volume.

According to the real estate development and sales from January to August 2022 released by the National Bureau of Statistics, from January to August, the national real estate development investment was 9,080.9 billion yuan, down 7.4% year-on-year; among them, the residential investment was 6,887.8 billion yuan, down 6.9%.

In terms of commercial housing sales and pending sales, from January to August, the sales of commercial housing were 8.587 trillion yuan, down 27.9%, of which residential sales fell by 30.3%.

　　The above comprehensive data reflects the current pressure on the market to stabilize and stabilize.

Xu Xiaole, chief market analyst at Shell Research Institute, believes that insufficient market expectations are the root cause, and the market's wait-and-see mood has increased.

　　"The emergence and spread of the epidemic in July and August, and the intensified management and control, affected offline viewing and transactions." Li Yujia said.

Yan Yuejin, research director of the Think Tank Center of the E-House Research Institute, pointed out that July-August this year is a low season for the property market. At the same time, after a wave of transactions in June, the transaction market in July-August was really bad, which also caused the housing price index to continue to cool down.

The sales price index of new commercial residential buildings in 70 large and medium-sized cities in August 2022.

Screenshot from the official website of the National Bureau of Statistics

First-tier and strong second-tier cities continue to lead

　　"First-tier cities still maintained good housing prices, especially Beijing and Shanghai in August, and both first- and second-hand housing showed a trend of simultaneous rise." Zhang Bo, director of the branch of 58 Anju Room Property Research Institute, pointed out, while The two places did not introduce strong policies in August, which also shows that the city's fundamentals have strong support for the property market.

　　Judging from the price of new houses in August,

; in terms of second-hand housing, Nanjing, Shanghai, Chengdu and Kunming performed better.

　　Judging from the actual performance of Beijing and Shanghai, the rate of selling of mid-to-high-end improved housing has accelerated significantly, and the speed of improving demand is also faster than expected, and the supply of such housing is less than demand.

　　Market differentiation in second-tier cities continues, and differences between different city clusters continue to widen.

The Yangtze River Delta market still maintains a certain degree of resilience, with new houses in Nanjing, Hangzhou, Hefei, and Ningbo showing a rise; the property market in the Northeast region is still under pressure, and second-hand housing prices in Shenyang, Changchun, Harbin, and Dalian have declined across the board.

　　Zhang Bo believes that due to the accelerated relaxation of purchase restrictions in second-tier cities in September, it is expected that the number of cities where housing prices in second-tier cities will rise in September and October will increase to a certain extent.

Second-hand residential sales price index in 70 large and medium-sized cities in August 2022.

Screenshot from the official website of the National Bureau of Statistics

The effect of local security handover is gradually emerging

　　Regarding the future trend of the real estate market, Zhang Bo believes that the later financial policy is very important to stabilize the real estate market.

"The pre-sale fund supervision level of real estate enterprises also needs to introduce more flexible policies. On the one hand, it is necessary to ensure the reasonable use of funds and ensure the delivery of buildings; on the other hand, it needs the support of various policies to promote the efficient use of funds."

　　Yan Yuejin believes that the second-hand housing market must be boosted faster, especially to reduce restrictions on purchases and sales, and to learn from the credit policy of “transferring with mortgage” in some cities. The active second-hand housing can drive the transaction of first-hand housing.

　　"The local guarantee and handover of buildings is progressing steadily, and the effect is gradually showing." Fu Linghui, a spokesman for the National Bureau of Statistics, said at a press conference on the 15th that from the improvement in sales to the real estate investment and production, it still needs a process to promote The real estate market is developing steadily and healthily, and efforts are still to be made.

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