The National Bureau of Statistics released a monthly report on residential sales prices in 9 large and medium-sized cities in September
The property market in first-tier cities is beginning to show a recovery trend
Reporter Sun Jie Lu Yang
In the past two months, various localities have introduced a series of new policies to stabilize the property market, and the policy effect is gradually transmitted to the market. Yesterday, the National Bureau of Statistics released a monthly report on residential sales prices in 9 large and medium-sized cities in September. The report shows that in September, the sales prices of newly built commercial residential buildings in first-tier cities were flat month-on-month and the year-on-year increase expanded, while second-hand residential buildings turned higher month-on-month and narrowed year-on-year. This also means that the property market in first-tier cities is beginning to recover.
More than 35 cities implement "recognizing housing but not recognizing loans"
Since the end of August, the easing policies of the property market in many places have continued to be released, especially the four first-tier cities in Beijing, Shanghai, Guangzhou and Shenzhen have successively implemented the policy of "recognizing houses without recognizing loans", which has played a certain role in boosting market confidence. Taking Shanghai as an example, following the announcement on September 8 of the implementation of commercial loans "house recognition but not loan", on October 9, Shanghai again announced the optimization of the housing provident fund loan set recognition standards, Shanghai no house, no provident fund loan in the country or the first provident fund loan has been settled, recognized as the first house.
According to the reporter's incomplete statistics, more than 35 cities have announced the implementation of the policy of "recognizing housing but not recognizing loans", including Wuhan, Xiamen, Chengdu, Shenyang, Hangzhou, Suzhou, Zhuhai and so on.
In addition to "recognizing housing but not loans", popular cities such as Nanjing, Jinan, Qingdao, Shenyang, Dalian, and Zhengzhou announced the complete cancellation of purchase restrictions, and Guangzhou, Hangzhou and other cities have also relaxed the purchase and sale restrictions.
For example, on September 9, Guangzhou said that it would adjust the scope of the restricted purchase area from 20 districts to 9 districts, and non-registered people can buy houses in the restricted areas after paying social security or paying taxes in Guangzhou for two years, compared with the previous condition of five years. In addition, the period of VAT exemption has been adjusted from 6 years to 2 years.
House prices in Beijing and Shanghai rose slightly month-on-month
Driven by policies, the property market in first-tier cities has shown signs of recovery. Data released by the National Bureau of Statistics yesterday showed that the sales prices of commercial housing in first-tier cities increased slightly month-on-month.
Among them, in terms of new commercial housing, in September, the sales price of new homes in first-tier cities turned flat from 9.0% in the previous month; In terms of second-hand housing, the sales price of second-hand residential buildings in first-tier cities turned to an increase for the first time after falling for four consecutive months, with an increase of 2.4%.
By city, sales prices of newly built commercial residential buildings in Beijing and Shanghai increased by 0.4% and 0.5% month-on-month, respectively, while Guangzhou and Shenzhen decreased by 0.6% and 0.5% respectively. In other words, the trend of new housing prices in the four first-tier cities has diverged to a certain extent, with house prices in Beijing and Shanghai rebounding, and Guangzhou and Shenzhen continuing to fall.
Li Yujia, chief researcher of the Housing Policy Research Center of the Guangdong Provincial Planning Institute, believes that the main reason for this phenomenon is that the implementation of the policy of "recognizing housing and recognizing loans" in Beijing and Shanghai was strict, and after the implementation of "recognizing housing without recognizing loans", the demand potential released is relatively large, especially in Beijing and Shanghai, there are many old second-hand housing, the potential for improvement demand is large, and the effective rigid demand base is also larger than that of Guangshen and Guangshen .
In addition, second-hand residential sales prices in Beijing and Shanghai increased by 0.7% and 0.6% month-on-month respectively, Guangzhou decreased by 0.7% month-on-month, and Shenzhen was flat month-on-month.
From a year-on-year perspective, in September, the sales price of newly built commercial residential buildings in first-tier cities increased by 9.0% year-on-year, an increase of 7.0 percentage points over the previous month, of which Beijing and Shanghai increased by 1.2% and 9.4% respectively, and Guangzhou and Shenzhen decreased by 4.1% and 7.3% respectively. In terms of second-hand housing, in September, the sales price of second-hand residential buildings in first-tier cities fell by 0.9% year-on-year, a decrease of 1.4 percentage points from the previous month, of which Beijing increased by 0.2% year-on-year, and Shanghai, Guangzhou and Shenzhen decreased by 1.1%, 1.9% and 3.8% respectively.
The property market in key second-tier cities is stable
Although the sales prices of commercial housing in second- and third-tier cities are still falling month-on-month, they have risen and decreased year-on-year.
From a month-on-month perspective, in September, the sales price of newly built commercial residential buildings in second-tier cities fell by 9.0% month-on-month, an increase of 3.0 percentage points over the previous month; second-hand residential buildings decreased by 1.0% month-on-month, the same decline as the previous month. The sales price of newly built commercial residential buildings in third-tier cities decreased by 5.0% month-on-month, a decrease of 3.0 percentage points from the previous month; second-hand residential buildings decreased by 1.0% month-on-month, an increase of 5.0 percentage points over the previous month.
From a year-on-year perspective, in September, the sales price of newly built commercial housing in second-tier cities increased by 9.0% year-on-year, down 2.0 percentage points from the previous month; second-hand housing decreased by 1.3% year-on-year, an increase of 2.0 percentage points over the previous month. Sales prices of newly built commercial homes and second-hand homes in third-tier cities fell by 2.1% and 4.3% year-on-year, respectively, the same rate as last month.
The reporter noted that the property market in key second-tier cities such as Changsha, Sanya, Xi'an, Ningbo, Haikou, Chongqing, Chengdu and Hangzhou performed steadily.
Overall, in September, among the 9 large and medium-sized cities, 70 cities saw a year-on-year decline in the sales price of newly built commercial housing, an increase of 45 from the previous month and a decrease of 1 from the high point of the year; Second-hand residential sales prices fell year-on-year in 10 cities, an increase of 67 from the previous month.
"From the data of multiple indicators, the optimization policy role of real estate is continuously released and has a positive effect." The National Bureau of Statistics said that the recent intensive real estate optimization policies in various places have shown results, but the real estate is still in the adjustment stage on the whole, and the play of the policy still needs a process, and all localities should continue to grasp the implementation of the policy in the later stage.