China News Agency, Beijing, December 15 (Reporter Pang Wuji) In November, the sales prices of commercial housing in major cities in China continued to decline from the previous month.
According to data released by the National Bureau of Statistics of China on the 15th, in November, among the 70 large and medium-sized cities, the sales price of new commercial housing fell in 51 cities from the previous month, 7 cities less than in October.
For the first time in the second half of the year, the number of cities with falling new home prices decreased month-on-month.
At the same time, the average month-on-month decline of the new house price index in 70 cities in November also narrowed for the first time in the second half of the year.
Yan Yuejin, research director of the Think Tank Center of E-House Research Institute, pointed out that according to official data, the average month-on-month decline in the price index of new commercial housing in 70 cities in November was 0.2%, a decrease of 0.2 percentage points from the previous month.
He believes that this shows that a series of financial support policies since November have revised the expectations of real estate companies to a certain extent.
In November, the decline in new housing prices in first-tier cities expanded slightly, but the decline in new housing prices in second- and third-tier cities narrowed.
Sheng Guoqing, chief statistician of the Urban Department of the National Bureau of Statistics, pointed out that in November, the price of new commercial housing in first-tier cities fell by 0.2% from the previous month, and the rate of decline increased by 0.1 percentage points from the previous month.
The price of new commercial housing in second-tier cities fell by 0.2% month-on-month, and the rate of decline narrowed by 0.1 percentage points from the previous month.
The sales price of new commercial housing in third-tier cities fell by 0.3% month-on-month, and the rate of decline narrowed by 0.1 percentage points from the previous month.
Li Yujia, chief researcher of the Housing Policy Research Center of the Guangdong Urban Planning Institute, believes that in November, due to the 0.5% month-on-month decline in new house prices in Guangzhou and Shenzhen, the overall new house price decline in first-tier cities increased, but the decline in new house prices in second- and third-tier cities narrowed that month. , showing that the policy relief effect, price reduction effect and anticipation effect have a certain driving effect on sales.
But he also admitted that the narrowing of housing price declines that month is expected to be mainly driven by structural factors.
That is, policy adjustments release part of the demand for improvement, and some home buyers are optimistic about high-priced residential buildings with high cost performance in the central urban area, and enter the market in advance, driving a structural rebound in housing prices.
Looking forward to the market outlook, Liu Lijie, a market analyst at the Shell Research Institute, believes that from the perspective of forward-looking indicators, the second-hand housing boom index, which represents market expectations, further declined in November. It is relatively low, and it is difficult for the traditional "tail hike" market to appear at the end of the year.
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