China News Service, Beijing, December 12 (Reporter Liu Wenwen) In November, the prices of new houses in China's 1 cities rose slightly month-on-month.
According to data released by the China Index Research Institute on the 1st, the average price of new residential buildings in 11 cities across the country in November was 100,16203 yuan per square meter (RMB, the same below), up 0.05% month-on-month, and the increase was 10.0 percentage points narrower than that in October. From the perspective of market performance, in November, real estate companies accelerated the pace of project entry into the market, and made every effort to sprint the annual sales task.
In terms of second-hand housing, the average price of second-hand housing in 11 cities across the country in November was 100,15400 yuan per square meter, down 0.56% month-on-month, and the decline was 10.0 percentage points wider than that in October. The number of listings in key cities remains high, the market has a strong wait-and-see mood, the pace of demand entering the market has slowed down, and the price of second-hand houses is still facing downward pressure.
In November, favorable policies for the property market continued to be introduced, and the direction of policy optimization involved the relaxation of purchase and sale restrictions, the optimization of provident fund policies, and the issuance of housing purchase subsidies. According to the statistics of the China Index Research Institute, Xiamen and Quanzhou relaxed purchase restrictions, and Kunming canceled purchase and sales restrictions; Hainan, Shenzhen, Xiamen, Beihai and other places have optimized the loan restriction policy in terms of supporting the "recognition of housing without loan", reducing the down payment ratio and mortgage interest rate, among which Shenzhen has optimized the standard of ordinary housing, canceled the limit on the total transaction price of 11.750 million yuan, and lowered the minimum down payment ratio for second homes to 40%.
According to the analysis of the China Index Research Institute, the current national property market policy direction is clear, and it is expected that policy support at both ends of supply and demand will continue to exert force until the market recovers. On the demand side, among the first-tier cities, Guangzhou and Shenzhen have introduced substantial easing policies, and the relaxation of Beijing and Shanghai is expected to increase; Second-tier cities are expected to further relax housing purchase restrictions, and more cities are expected to lift purchase restrictions altogether. On the supply side, regulators have intensively expressed their support for real estate financing, and the liquidity of real estate companies may be improved. In the future, the policies at both ends of the supply and demand of the property market may gradually form a joint force to help the market stabilize. (ENDS)