Chinanews.com, March 1 (Zuo Yukun, reporter from Zhongxin Finance and Economics) The recovery of the real estate market in many places also gave positive signals to housing prices and house sales in February.

　　According to the "2023 February 2023 China Index 100 Cities Price Index Report" released by the China Index Research Institute on March 1, in February, the average price of newly built residential buildings in 100 cities across the country was flat month-on-month, stopping the "seven consecutive declines" trend; a year-on-year decrease of 0.06%, The decline expanded by 0.03 percentage points from January.

The average price of second-hand residential buildings in Baicheng fell slightly by 0.01% month-on-month, and the decline was 0.10 percentage points lower than that in January; it fell by 0.96% year-on-year, and the decline was 0.15 percentage points wider than January.

　　The number of cities where house prices have fallen continues to decrease.

In February, the number of cities in which the prices of new houses and second-hand housing in 100 cities fell month-on-month decreased to 45 and 68 respectively. Among them, the number of cities in which the prices of new houses and second-hand housing in 100 cities both fell month-on-month was 34, a decrease of 15 from the previous month.

　　The "Report on New Housing Transactions in Key Cities in February 2023" and the "Report on Second-hand Housing Transactions in Key Cities in February 2023" released by Shanghai E-House Real Estate Research Institute on the same day also released positive signals.

　　The report shows that in February 2023, the transaction area of ​​new commercial housing in 60 key cities across the country was 20.05 million square meters, a month-on-month increase of 47% and a year-on-year increase of 37%. Here comes the positive signal.

　　In terms of second-hand housing, in eight key cities including Beijing, Shanghai, Guangzhou, Shenzhen, Chengdu, Hangzhou, Nanjing and Xiamen, the number of second-hand housing transactions in February was 79,438, a month-on-month increase of 78% and a year-on-year increase of 96%. Performed better.

The current transaction data also hit the monthly highest value in 20 months since July 2021, and the transaction market was significantly better than market expectations.

　　According to the China Real Estate Enterprise Sales Performance Rankings for January-February 2023 released by the Middle Finger Research Institute on February 28, the sales of key real estate enterprises in February have picked up significantly, with monthly sales showing double growth month-on-month and year-on-year.

The monthly sales of TOP100 real estate companies increased by 35.1% month-on-month and 28.5% year-on-year. It is expected that sales in March will continue to grow positively year-on-year.

　　The emergence of positive changes has benefited from the continuous release of favorable policies for the property market in February.

According to the monitoring of the middle finger, in February Kunming, Wuxi, Yangzhou, etc. lowered the lower limit of the first-home loan interest rate. At present, the lower limit of the first-home loan interest rate in more than 30 cities has dropped below 4%.

The backlog of demand for home purchases affected by the epidemic and the Spring Festival holiday was also actively released in February, and the market activity in key cities rebounded.

　　Looking ahead, the China Index Research Institute believes that the property market policy environment is expected to remain loose, and policy support at both ends of supply and demand is expected to increase.

With the coordination of policies on both ends of the supply and demand side, the superimposed macroeconomic recovery is expected to increase, and hot city markets have gradually formed a demonstration role, driving the recovery of national market confidence. It is expected that the national real estate market will gradually stabilize in the later period.

　　Yan Yuejin, research director of E-House Research Institute, also reminded that we must also realize that the purchasing power of households has not fully recovered, and the market transaction data also has the risk of falling.

We must continue to pay close attention to market transaction data to provide continuous impetus for the development of the property market.

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