China News Agency, Beijing, November 16th (Reporter Pang Wuji) The decline in housing prices in major Chinese cities deepened in October.
According to data released by the National Bureau of Statistics of China on the 16th, in October, among the 70 large and medium-sized cities, 58 cities saw a month-on-month decrease in the price of new commercial housing, 10 cities saw an increase, and 2 cities remained flat.
Among them, the prices of new commercial housing dropped by 4 cities more than last month.
From the perspective of house price changes, Yan Yuejin, research director of the Think Tank Center of E-House Research Institute, said that according to official data, the price index of new commercial housing in 70 cities across the country fell by 0.4% month-on-month in October, an increase of 0.1 percentage points from September; year-on-year fell 2.4%.
At present, the average index of new house prices in 70 cities has fallen for 14 months month-on-month, and the year-on-year decline has continued for 7 months.
Judging from the performance of house prices in recent months, Yan Yuejin said that the prices of new houses in Beijing, Shanghai, Hangzhou and Chengdu are relatively stable, and other cities are generally under pressure to cool down.
In that month, the prices of new houses in the first-, second- and third-tier cities were all in the decline range month-on-month.
In October, the sales price of new commercial housing in first-tier cities fell by 0.1% month-on-month, the same as in September.
The sales price of new commercial housing in second-tier cities fell by 0.3% month-on-month, and the rate of decline was 0.1 percentage points higher than that in September.
The sales price of new commercial housing in third-tier cities fell by 0.4% month-on-month, the same as in September.
Zhang Bo, dean of the branch of 58 Anju Guest House Industry Research Institute, said that quantity comes first, and affected by the decline in overall sales data, the overall downward trend in housing prices continued in October.
The changing trend of housing prices shows that the current market is at a staged bottom. With the continuous increase of policies, especially with the implementation of large-scale policies such as real estate finance and the simultaneous launch of the "second arrow", the recovery of the market is also brewing. middle.
Chen Xiao, a senior analyst at the Zhuge Housing Data Research Center, believes that in October, despite the continuous output of favorable policies, they have not yet reached the market. In addition to the repeated epidemics in many places, the recovery of the real estate market has not been as expected.
She predicts that with the launch of a series of heavyweight policies in November, the recovery process of the real estate market is expected to accelerate in the next two months, the market will meet the turning point of bottoming out, and the price decline will also have room to narrow.
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