China News Service, Beijing, August 3 (Reporter Pang Wuji) After four consecutive months of "accelerated" rebound, the growth rate of house prices in 100 cities has experienced a phased correction.
According to data released by the Zhongzhi Research Institute on the 3rd, in July 2020, the average price of newly-built residential buildings in 100 cities across the country was 15,528 yuan per square meter, an increase of 0.43% from the previous month, and the increase was narrowed by 0.10 percentage points from the previous month. This is the first time the price increase has narrowed since the month-on-month data of housing prices in Baicheng City realized a "negative turn to positive" in March.
In terms of the number of cities that fluctuated, housing prices in 80 out of 100 cities rose month-on-month, 19 cities fell month-on-month, and 1 city remained unchanged from the previous month. On a year-on-year basis, the average price of new houses in Baicheng in July rose 3.21% from the same period last year, an increase of 0.05 percentage points from the previous month.
The property market in the Yangtze River Delta is concentrated. Among the 100 cities, the six cities with the largest cumulative house price increase from January to July are: Shaoxing, Wenzhou, Hangzhou, Ningbo, Changzhou and Wuxi, with increases of more than 4%, and they are all cities in the Yangtze River Delta. In the first 7 months, the price of new houses in the Yangtze River Delta urban agglomeration has risen by 3.21%, which is also the largest increase in all regions.
It is worth noting that the regulation and control wind direction of the property market has turned around in July. That month, eight cities including Dongguan, Hangzhou, Shenzhen, Ningbo, and Nanjing gradually tightened the regulation of the property market, which is different from the control tone of the epidemic, which is based on support policies such as relief.
Chen Wenjing, deputy research director of the Index Division of the China Index Research Institute, said that the policy shift will have a certain impact on the property market expectations, and overall housing prices have become more stable. The second-hand housing prices in Baicheng counted by the agency that month also showed a narrowing month-on-month increase.
From the perspective of transaction data, after the transaction volume of commercial residential buildings in 50 cities "turned positive" in May, the transaction volume continued to rise in June and July, and the transaction volume in July rose to 10% year-on-year. However, judging from more sensitive weekly transaction data, since the high point in early July, weekly transactions in key cities have declined slightly.
A research report issued by the Crane Research Center also believes that after the mid-year heavy volume in June, the supply and demand of the property market has experienced a phased correction in July. However, the supply and demand has turned from negative to positive year-on-year, and the property market continues to recover. Among them, the first-tier cities are in short supply, and the demand in Shanghai and Guangzhou is relatively strong; the second and third-tier ups and downs are mixed. Under the regulation and control of Ningbo and Dongguan, the transaction still maintains a high level, and there are also Chongqing, Kunming, Changchun and other demand overdrafts after a significant callback. (Finish)