China News Service, Beijing, April 2 (Reporter Pang Wuji) The property market in many places in China is showing warmth in March. The "March National Housing Index Report" released by 58.com and Anjuke on the 2nd showed that in March 2024, the search for new houses in 65 cities across the country increased by 17% month-on-month.
The enthusiasm for finding new homes reflects, to a certain extent, the activity of the new home market and the potential demand for home purchases. The report points out that in March 2024, the search for new homes in cities across all tiers will be on the rise across the board. Among them, the popularity of finding new houses in first-tier cities increased by 26.1% month-on-month, the popularity of finding new houses in second-tier cities increased by 16.2% month-on-month, and the popularity of finding new houses in third- and fourth-tier cities increased by 12.9% month-on-month.
Looking at specific cities, among first-tier cities, Shenzhen’s housing search popularity increased by 29.9% month-on-month. According to statistics from other institutions, the sales volume of second-hand houses in Shenzhen in March exceeded the same period last year.
Among first-tier cities, Shenzhen's house prices corrected earlier and to a larger extent, and signs of stabilization were also the first to appear. Zhang Bo, president of 58 Anjuke Research Institute, said that subsequent market performance is expected to continue within a certain popularity range. In March, the search for new houses increased by 28.5% month-on-month in Shanghai and Guangzhou, and by 17.1% in Beijing. The recovery of the real estate market in first-tier cities has become more certain. In addition, the popularity of housing search in second-tier, third-tier and fourth-tier cities also rebounded significantly. In that month, the popularity of housing search in Ningbo, Dongguan and Huzhou all increased by more than 30% month-on-month, and the popularity in Jiaxing increased by 28.9%.
Judging from the popularity of searching for houses of each house type, the popularity of looking for houses with 3 bedrooms accounted for 47.1%, the popularity of looking for houses with 4 bedrooms and above accounted for 40.8%, the popularity of looking for houses with 2 bedrooms accounted for 8.5%, and the popularity of looking for houses with 1 bedroom accounted for 8.5%. 3.6%. Among the people surveyed in March who were interested in buying a house, 57.1% of the buyers were in need of a "first home" and 32.5% were in need of an improved second home.
According to data released by a number of research institutions, the transaction volume of new and second-hand houses in major cities in China doubled month-on-month in March, and the market showed warmth. (over)