Recently, the National Bureau of Statistics announced the housing price performance of 70 large and medium-sized cities, and Chengdu's house price increase ranked first in the country. As soon as the news came out, it attracted widespread attention in the society. This has also aroused people's attention and discussion about the real estate market.

【During the same period】Ms. Xiong, a citizen of Chengdu

I do pay attention to the recent recovery in house prices, and then the entire housing market has signs of recovery, because our family currently has two houses for sale (stage), before the epidemic can be said by no one cares, during this period of time there are more people looking at the house, the house price has also been mentioned, may have only dared to hang 7.8 million (yuan) before can now also hang an 8.9 million (yuan).

【Commentary】According to data, the price of new houses in Chengdu in February 2023 increased by 2.8% year-on-year, ranking first in the country; Second-hand housing prices increased by 6.9% year-on-year, also ranking first. Chengdu house prices have hit new highs in a row, and the prices of new and second-hand houses have risen for 2 consecutive months. In this regard, Yang Yali, manager of a store in Chengdu Lianjia, told reporters that the number of second-hand housing viewing is currently increasing, and the customer transaction cycle has become shorter than in the past, but the transaction volume is still in a flat state.

【During the same period】Chengdu chain home trading store manager Yang Yali

Today's customers will feel that prices are not as easy to negotiate as before, and there will be a certain increase in many listings. Everyone knows that our second-hand housing agents are one hand to support two, both to maintain the owner, but also to maintain the customer, for most owners there is a wait-and-see attitude, unless the owner who changes the house or is in a hurry to cash out will be in a hurry to sell some, otherwise the owner is not in a hurry, will wait and see, hope that their house will sell at a higher price. For customers, then the house sells faster and faster, of course, the house is also sold cheap first and then sold expensive, the rest of the listings are sold more and more expensive, customers are more and more panicked, will think that the house has been rising, then many customers will feel that the price of the current house will be more expensive than the previous house.

Jia Xuan, head of research at Cushman & Wakefield's West China, said that the transaction volume of new houses in Chengdu in 2022 fell by 18% year-on-year, and in the supply segment, you can see that in the two years from 2021 to 2022, the supply of new houses in Chengdu fell by about 10% year-on-year, and the reduction in supply and the suppression of demand are a very important reason for the rise in house prices this year.

【During the same period】Jia Xuan, Head of Research Department of Cushman & Wakefield's West China

We see that in 2022, the Chengdu municipal government has actually introduced a series of policies to relax the property market, such as the qualification of parents to settle down to buy a house, the qualification of talents to buy a house, the qualification to buy a house with multiple children, etc., which actually stimulated the demand for housing in Chengdu to a large extent.

Jia Xuan believes that the scarcity of land resources, population growth, the significant improvement of urban energy levels and other aspects have led to the recovery of Chengdu's property market.

【During the same period】Jia Xuan, Head of Research for West China of Cushman & Wakefield

There will definitely be a certain impact on buyers, in fact, the most direct impact is the increase in the cost of buying a house and the increase in the difficulty of buying a house. But in fact, we also see that the (Chengdu) government has prepared to build 2022,1 sets of talent apartments and 6,1 sets of affordable rental housing in <>, and our Chengdu municipal government is vigorously building a more complete housing system in parallel with a variety of housing products, including talent apartments, affordable rental housing and what we often call commercial housing.

Jia Xuan told reporters that the volume of trading seen now is actually a very short-term trading volume, because only the data for January and February are counted, and everyone should take a long-term view.

【During the same period】Jia Xuan, Head of Research for West China of Cushman & Wakefield

In fact, the rise in house prices is caused by the suppression of demand and supply contraction in a short period of time, which now seems to be a short-term phenomenon, so we can pay more attention to the rise in house prices in the entire city in March, April and even May, and then we will judge what the upward trend is after that.

He Xun and Ren Zhenxing reported from Chengdu

Responsible Editor: [Fang Jialiang]