China News Agency, Beijing, February 16th (Reporter Pang Wuji) In January, house prices in 70 cities in China showed signs of recovery.
During the month, the number of cities with rising housing prices increased significantly.
According to data released by the National Bureau of Statistics of China on the 16th, in January, among the 70 large and medium-sized cities in China, the sales prices of new commercial housing and second-hand housing rose in 36 and 13 cities respectively, an increase of 21 and 6 respectively from the previous month. indivual.
In January, the price index of new commercial housing in 70 cities stopped falling month-on-month.
Yan Yuejin, research director of E-House Research Institute, pointed out that according to official data, the average month-on-month increase in the price of new commercial housing in 70 cities in January was 0.0%, down 2.3% year-on-year.
This is the first time since February 2022 that the new housing price index in 70 cities has stopped falling month-on-month.
Observing historical data, Yan Yuejin pointed out that in January 2022, the prices of new houses in 70 cities also stopped falling briefly, but the subsequent decline continued.
However, considering the better property market environment in 2023 and the recently observed market sentiment, he believes that the impetus to stop the decline this time is stronger and the conditions for housing price recovery are better.
January housing price data further reflects the current trend of the real estate market to improve and stabilize.
From the perspective of various cities, Sheng Guoqing, chief statistician of the Urban Department of the National Bureau of Statistics, pointed out that in January, the sales price of new commercial housing in first-tier cities turned from flat last month to an increase of 0.2%.
The sales price of new commercial housing in second-tier cities increased by 0.1% from a decrease of 0.3% in the previous month.
The price of new houses in third-tier cities fell by 0.1% month-on-month, and the rate of decline narrowed by 0.2 percentage points from the previous month.
Zhang Bo, director of 58 Anjuke Research Institute, believes that from the housing price data in January, the housing market in first-tier cities shows obvious signs of warming, second-tier cities still have some differentiation, and the cooling rate of third- and fourth-tier cities has narrowed.
Driven by the optimization of epidemic prevention policies and encouraging property market policies, China's real estate market ushered in a market reversal in the first year of 2023, and the overall expectation is showing a positive trend.
From the perspective of first-tier cities, the property market in Beijing and Shanghai took the lead in picking up. In January, both first-hand and second-hand housing prices rose month-on-month, and the second-hand housing market in Shenzhen also began to pick up.
First-tier cities are regarded as the "weather vane" of the national property market. Zhang Bo believes that there is a high probability that the follow-up market will usher in a "Xiaoyangchun" market.
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