China News Agency, Beijing, August 14 (Reporter Pang Wuji) After the "small peak" of the property market in the middle of the year, housing prices in large and medium-sized cities in China have cooled slightly.
According to data released by the National Bureau of Statistics of China on the 14th, in July, among 70 large and medium-sized cities, 59 cities saw a month-on-month increase in the price of new commercial housing, 6 cities saw a month-on-month decline in new housing prices, and 5 cities remained flat. Compared with June (61), the number of cities with rising housing prices fell by two, breaking the trend of continuous increase since March.
The same situation appears in the second-hand housing market. In the same month, second-hand housing prices in 45 cities out of 70 cities increased month-on-month, 5 less than the previous month.
In addition to the decrease in the number of cities where house prices have risen from the previous month, in July, the increase in house prices in first-, second- and third-tier cities ceased to increase regardless of whether they were new or second-hand houses.
Kong Peng, chief statistician of the City Department of the National Bureau of Statistics, pointed out that in July, preliminary estimates showed that the sales price of newly-built commercial residential buildings in four first-tier cities increased by 0.5% month-on-month, which was a decrease of 0.1% from the previous month; the sales price of second-hand residential buildings rose by 0.7% from the previous month. The increase was 0.3 percentage points lower than the previous month.
The sales price of newly built commercial housing in 31 second-tier cities increased by 0.5% month-on-month, 0.4 percentage points lower than the previous month; the sales price of second-hand housing increased by 0.5% month-on-month, the same as the previous month.
The sales prices of newly built commercial housing and second-hand housing in 35 third-tier cities increased by 0.8% and 0.5% respectively from the previous month, the same as the previous month.
Chen Xiao, an analyst at the Zhuge Real Estate Data Research Center, pointed out that there were signs of a slight cooling in house prices in July. This was due to the gradual release of the backlog of demand in the previous period. The popularity of the second-hand housing market has dropped. In the first half of the year, cities where the real estate market heated up too quickly, such as Shenzhen, Nanjing, Hangzhou, Ningbo, and Dongguan, all issued relevant policies to tighten real estate regulation in July.
Zhang Dawei, chief analyst of Centaline Real Estate, believes that the current property market control policies are mainly "stabilization". The demand-side stimulus policies in some cities were withdrawn soon after the introduction, and some cities tightened the property market accordingly. The rate of increase in house prices is expected to continue to decline. (Finish)