Beijing, 4 Apr (ZXS) -- In March, housing prices in 15 large and medium-sized cities in China heated up markedly.
Infographic: Real Estate Properties. Photo by Zhang Bin, reporter of China News Agency
According to data released by China's National Bureau of Statistics on the 15th, in March 2023, among the 3 large and medium-sized cities in China, 70 and 64 cities with month-on-month sales prices of newly built commercial homes and second-hand residential buildings increased month-on-month, respectively, an increase of 57 and 9 over the previous month.
Looking back at the historical data, the reporter found that in the same month, the number of cities (64) where the price of newly built commercial housing rose month-on-month has exceeded 2019%, hitting a new high in 6 months since June 45; The number of cities (57) where second-hand prices rose month-on-month hit a 2021-month high since April 4.
Yan Yuejin, research director of the E-House Research Institute, pointed out that the house price index showed a trend of stabilization and recovery in March, indicating that the real estate market has generally come out of the trough last year. From the perspective of house price growth, the price index of new commercial housing in 3 cities across the country in March increased by 3.70% month-on-month and -0.4% year-on-year. Yan Yuejin said that the current house price index shows a good trend of "maintaining positive growth month-on-month and continuing to narrow year-on-year decline". The performance of the house price index is directly related to the activity of market transactions, and housing sales in various places continued to maintain a strong upward trend in March this year, further driving the recovery of the house price index.
In March, house prices in first, second and third-tier cities rose month-on-month. Zhao Guoqing, chief statistician of the Urban Department of the National Bureau of Statistics, pointed out that in March, the sales price of newly built commercial residential buildings in first-tier cities increased by 3.3% month-on-month, and the sales price of second-hand residential buildings increased by 0.3% month-on-month. Sales prices of newly built commercial homes and second-hand homes in second-tier cities increased by 0.5% and 0.6% respectively month-on-month. Sales prices of new commercial residential buildings in third-tier cities increased by 0.3% month-on-month, while sales prices of second-hand residential buildings increased by 0.3% month-on-month from flat in the previous month.
Lu Qilin, research director of 58 Anjuke Research Institute, believes that the number and increase in the number of cities and the increase in house prices in March have increased, indicating that the bottom of the property market is basically confirmed, and the market will gradually enter a stage of stabilization and recovery. According to the agency's statistics, the national first-hand housing market in March continued the rebound in February, and the transaction volume of new houses in key cities increased by more than 3% year-on-year; In March, the shelf time of second-hand houses in key cities fell by 3% month-on-month, which has fallen for two consecutive months, and buyers have accelerated the trend of entering the market. (End)