China News Service, Beijing, September 16 (Reporter Pang Wuji) In August, housing prices in major Chinese cities continued to cool down in July.
According to data released by the National Bureau of Statistics of China on the 16th, in August, among the 70 large and medium-sized cities, the prices of new commercial housing in 50 cities fell month-on-month, the prices of new commercial housing in 19 cities rose month-on-month, and the housing prices in 1 city were flat.
It is worth noting that the number of cities with a month-on-month drop in new home prices in August increased by 10 from the previous month, and the number of cities with a drop in house prices hit a new high in recent months.
The data picture shows an aerial photo of a residential area in Balihu New District, Jiujiang City, Jiangxi Province on August 8.
(UAV photo) Photo by China News Agency reporter Liu Lixin
That month, the average decline in the 70-city house price index also expanded.
Yan Yuejin, research director of the Think Tank Center of E-House Research Institute, pointed out that in August, the price index of new commercial housing in 70 cities in China fell by an average of 0.3% month-on-month and 2.1% year-on-year, and the decline was wider than the previous month.
From the perspective of cities at all levels, official data shows that the sales prices of new commercial residential buildings in first-, second-, and third-tier cities increased by 0.1%, decreased by 0.2%, and decreased by 0.4%, respectively, compared with the previous month. situation.
Chen Xiao, a senior analyst at Zhuge Housing Data Research Center, said that in August, the delivery of new homes still affected market expectations, which was also an important reason for the cooling of the property market for two consecutive months after the surge in local property markets in June.
Among them, in August, the price of new houses in the first-tier cities still maintained a rising trend, and the resilience was still strong when the market fluctuated, and the decline in the second- and third-tier cities both expanded.
The data picture shows an aerial photo of a residential area in Balihu New District, Jiujiang City, Jiangxi Province on August 8.
(UAV photo) Photo by China News Agency reporter Liu Lixin
Zhang Bo, director of the 58 Anju Room Real Estate Research Institute, also believes that the property markets in first-tier cities, especially Beijing and Shanghai, were still active in August, and both first- and second-hand housing prices showed a synchronous upward trend.
The real estate market in second-tier cities continued to differentiate.
Among them, the Yangtze River Delta market is more resilient.
In August, the prices of new houses in Nanjing, Hangzhou, Hefei, and Ningbo all increased month-on-month, with the highest increase.
However, the property market in the Northeast region is still facing certain pressure, and second-hand housing prices in major regional cities such as Shenyang, Changchun, Harbin, and Dalian have declined across the board.
Looking forward to the market outlook, Zhang Bo believes that the subsequent increase in the popularity of the real estate market still requires an overall improvement in confidence to ensure project delivery and maintain stable housing prices.
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