China News Service, Beijing, March 1 (Reporter Pang Wuji) Data released by the China Index Research Institute on the 1st showed that from January to February 2024, the cumulative price of new homes in 100 cities in China increased slightly, and the cumulative price of second-hand housing prices fell slightly. The overall price was stable, with fluctuations. Not big.
Meng Xinxin, an analyst at the China Index Research Institute, said at a monthly real estate market situation analysis meeting on the 1st that from January to February 2024, the price of new residential buildings in 100 cities increased by 0.29% cumulatively.
Among them, in February, the average price of new residential buildings in 100 cities was 16,267 yuan (RMB, the same below) per square meter, an increase of 0.14% month-on-month, and the increase narrowed by 0.01 percentage point from the previous month.
From January to February this year, second-hand housing prices in 100 cities fell by 0.93% cumulatively.
Among them, in February, the average price of second-hand housing in 100 cities was 15,173 yuan per square meter, down 0.37% from the previous month, and the decline narrowed by 0.19 percentage points from the previous month.
From the perspective of transaction volume, the transaction volume of second-hand houses is generally better than that of new houses.
Meng Xinxin pointed out that in January 2024, the number of second-hand housing transactions in 25 representative cities in China increased by 0.4% month-on-month, and a year-on-year increase of 52.8% on a low base.
In that month, the total number of new and second-hand housing transactions in 25 representative cities increased by 16.1% year-on-year. Among them, the number of new housing transactions decreased year-on-year, and second-hand housing performed better than new housing.
Judging from the proportion of transactions, the proportion of second-hand housing transactions is on the rise as a whole. In 2023, the proportion of second-hand housing transactions will be 55.6%, an increase of 7.7 percentage points compared with 2022.
Looking forward to the market outlook, Meng Xinxin said that before the Spring Festival in 2024, first-tier cities will collectively optimize housing purchase restriction policies and release important signals.
With the National People's Congress and the National People's Congress convening soon, the housing issue has received great attention, and supportive policies are expected to continue to be introduced on both the supply and demand sides.
Among them, first-tier cities are expected to further optimize restrictive policies based on needs and regions.
From a market perspective, he pointed out that the property market is about to enter the traditional "Gold, Three, Silver and Four" node, and the effects of policies in core cities introduced in the early stage are expected to be further evident, and the "Little Indian Spring" market may appear in some core cities.
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