In October, the rate of increase in house prices in 70 cities fell back, and the real estate market further stabilized.

| gov.cn

Beijing, 15 Nov (Xinhua) in October, the rise in house prices in 70 cities fell back and the real estate market further stabilized

Xinhua News Agency reporters Wang Youling and Zheng Juntian

According to data released by the National Bureau of Statistics on the 15th, the price of commercial housing sales in 70 large and medium-sized cities rose steadily in October, while the number of cities with rising commercial housing sales prices continued to decline, while the number of declining cities continued to increase. Expert analysis, in the "housing does not speculate" positioning, various localities in-depth implementation of real estate regulation and control "one city, one policy", the real estate market has further stabilized.

Statistics show that in October, sales prices of new commercial housing and second-hand housing in first-and second-tier cities fell back from the previous month. Kong Peng, chief statistician of the City Department of the National Bureau of Statistics, said that according to preliminary estimates, the sales prices of new commercial housing and second-hand housing in 31 second-tier cities rose 0.5 percent and 0.1 percent respectively over the previous month. The increase was 0.1 percentage points lower than the previous month. Sales prices of new commercial housing and second-hand housing in 35 third-tier cities rose 0.6 percent and 0.5 percent respectively over the previous month, down 0.2 percentage points from the previous month.

Sales prices of new commercial housing in four first-tier cities rose 0.1 percent month-on-month, down 0.3 percentage points from the previous month. The price of second-hand housing sales rose 0.1% from the previous month, down 0.2 percentage points from the previous month, of which Beijing, Shanghai and Guangzhou fell 0.6%, 0.2% and 0.1%, respectively. Shenzhen rose 1.0 per cent, down 0.3 percentage points from the previous month.

Compared with the commercial housing sales data released by the National Bureau of Statistics, the sales area of commercial housing in October was 124.83 million square meters, down nearly 20 percent from 152.4 million square meters in September, but still 7.1 percent higher than the 116.54 million square meters in August.

"the current property market transaction is stable, the expectation of rising house prices is not strong, buyers will rationally choose the time node to enter the market. In this context, real estate enterprises are facing de-pressure, the fourth quarter will still maintain the intensity of price reduction. " Lu Wenxi, senior analyst at Central Plains Real Estate, believes that the October transaction decline is expected, on the one hand, based on the impact of the holiday, encountered the holiday transaction fall is the practice; on the other hand, after the previous wave of volume, the market spending power needs to breathe adjustment.

Statistics show that the number of cities with rising commercial housing sales prices in 70 large and medium-sized cities continues to decrease, the number of declining cities continues to increase, and the property market is becoming more stable.

From a month-on-month point of view, in October, the number of cities with new commercial housing prices rising from the previous month was 50, down three from the previous month; 17 cities fell, five more than the previous month; and three cities had flat prices month-on-month, three fewer than the previous month. Among them, the highest month-on-month increase was 2.8% in Xining and the highest decrease was-1.0% in Luzhou, Sichuan.

Kerry Research Center believes that in October, the national new housing and second-hand housing market transactions are shrinking trend. Among them, Hangzhou, Ningbo, Xuzhou and other Yangtze River Delta cities significantly shrank, with year-on-year declines of 16%, 32%, and 28%, respectively.

Reporters visit the market found that near the end of the year, the major real estate enterprises began to sprint year-round performance, market supply blowout, buyers choose a larger area, coupled with the LPR anchor change after the multi-city mortgage interest rate is still stable, the market wait-and-see mood intensified.

Yan Yuejin, director of research at Yi Ju think tank, believes that this year's "Silver Ten", real estate enterprises to reduce prices and promotion has become the main theme, developers everywhere are actively reducing prices and promotion, will not blindly raise prices.

The developers surveyed generally expect that real estate regulation and control is difficult to have substantial loosening, in the credit level will still be tight. Sun Hongbin, chairman of Rongchuang China, said: "developers can no longer have illusions about deregulation. At present, the scale of commercial housing transactions in China is still high, and will be stable for many years. Housing enterprises should enhance their competitiveness to attract buyers. "

Kong Peng said: in October, all localities continued to implement the arrangements of the CPC Central Committee and the State Council, adhere to the position of "housing without speculation," consolidate the main responsibility of the city, and thoroughly implement the "one city, one policy" of real estate regulation and control around the goal of stabilizing land prices, housing prices, and expectations. The real estate market has further stabilized.

Agency statistics show that in October real estate regulation and control of more than 60 times, involving talent, provident fund, rental and other policies. Ningbo, Shenyang, Haikou and other places continue to strengthen the supervision of the real estate market; Henan, Yinchuan, Huizhou and other places to rectify the chaos of the real estate market. All localities have steadily promoted the construction of the housing security system. Shenzhen and Hangzhou accelerated the cultivation and development of housing rental market, of which Shenzhen launched the first "stable rent" commercial housing rental pilot project; Guangzhou Nansha District, Yantai and other places accelerated the construction of common property rights housing system.

The China Index Research Institute believes that under the main tone of "houses are used for living, not speculation," all localities should continue to implement policies and classified guidance based on cities to consolidate the long-term regulation and control mechanism of the main responsibility of the city government. Future regulation and control policies will continue to be stable, while steadily promoting the construction of the housing security system, multi-mode, multi-channel to effectively meet the housing needs of residents, the real estate market will continue to operate smoothly.

In October, the rate of increase in house prices in 70 cities fell back, and the real estate market further stabilized.

| gov.cn

Beijing, 15 Nov (Xinhua) in October, the rise in house prices in 70 cities fell back and the real estate market further stabilized

Xinhua News Agency reporters Wang Youling and Zheng Juntian

According to data released by the National Bureau of Statistics on the 15th, the price of commercial housing sales in 70 large and medium-sized cities rose steadily in October, while the number of cities with rising commercial housing sales prices continued to decline, while the number of declining cities continued to increase. Expert analysis, in the "housing does not speculate" positioning, various localities in-depth implementation of real estate regulation and control "one city, one policy", the real estate market has further stabilized.

Statistics show that in October, sales prices of new commercial housing and second-hand housing in first-and second-tier cities fell back from the previous month. Kong Peng, chief statistician of the City Department of the National Bureau of Statistics, said that according to preliminary estimates, the sales prices of new commercial housing and second-hand housing in 31 second-tier cities rose 0.5 percent and 0.1 percent respectively over the previous month. The increase was 0.1 percentage points lower than the previous month. Sales prices of new commercial housing and second-hand housing in 35 third-tier cities rose 0.6 percent and 0.5 percent respectively over the previous month, down 0.2 percentage points from the previous month.

Sales prices of new commercial housing in four first-tier cities rose 0.1 percent month-on-month, down 0.3 percentage points from the previous month. The price of second-hand housing sales rose 0.1% from the previous month, down 0.2 percentage points from the previous month, of which Beijing, Shanghai and Guangzhou fell 0.6%, 0.2% and 0.1%, respectively. Shenzhen rose 1.0 per cent, down 0.3 percentage points from the previous month.

Compared with the commercial housing sales data released by the National Bureau of Statistics, the sales area of commercial housing in October was 124.83 million square meters, down nearly 20 percent from 152.4 million square meters in September, but still 7.1 percent higher than the 116.54 million square meters in August.

"the current property market transaction is stable, the expectation of rising house prices is not strong, buyers will rationally choose the time node to enter the market. In this context, real estate enterprises are facing de-pressure, the fourth quarter will still maintain the intensity of price reduction. " Lu Wenxi, senior analyst at Central Plains Real Estate, believes that the October transaction decline is expected, on the one hand, based on the impact of the holiday, encountered the holiday transaction fall is the practice; on the other hand, after the previous wave of volume, the market spending power needs to breathe adjustment.

Statistics show that the number of cities with rising commercial housing sales prices in 70 large and medium-sized cities continues to decrease, the number of declining cities continues to increase, and the property market is becoming more stable.

From a month-on-month point of view, in October, the number of cities with new commercial housing prices rising from the previous month was 50, down three from the previous month; 17 cities fell, five more than the previous month; and three cities had flat prices month-on-month, three fewer than the previous month. Among them, the highest month-on-month increase was 2.8% in Xining and the highest decrease was-1.0% in Luzhou, Sichuan.

Kerry Research Center believes that in October, the national new housing and second-hand housing market transactions are shrinking trend. Among them, Hangzhou, Ningbo, Xuzhou and other Yangtze River Delta cities significantly shrank, with year-on-year declines of 16%, 32%, and 28%, respectively.

Reporters visit the market found that near the end of the year, the major real estate enterprises began to sprint year-round performance, market supply blowout, buyers choose a larger area, coupled with the LPR anchor change after the multi-city mortgage interest rate is still stable, the market wait-and-see mood intensified.

Yan Yuejin, director of research at Yi Ju think tank, believes that this year's "Silver Ten", real estate enterprises to reduce prices and promotion has become the main theme, developers everywhere are actively reducing prices and promotion, will not blindly raise prices.

The developers surveyed generally expect that real estate regulation and control is difficult to have substantial loosening, in the credit level will still be tight. Sun Hongbin, chairman of Rongchuang China, said: "developers can no longer have illusions about deregulation. At present, the scale of commercial housing transactions in China is still high, and will be stable for many years. Housing enterprises should enhance their competitiveness to attract buyers. "

Kong Peng said: in October, all localities continued to implement the arrangements of the CPC Central Committee and the State Council, adhere to the position of "housing without speculation," consolidate the main responsibility of the city, and thoroughly implement the "one city, one policy" of real estate regulation and control around the goal of stabilizing land prices, housing prices, and expectations. The real estate market has further stabilized.

Agency statistics show that in October real estate regulation and control of more than 60 times, involving talent, provident fund, rental and other policies. Ningbo, Shenyang, Haikou and other places continue to strengthen the supervision of the real estate market; Henan, Yinchuan, Huizhou and other places to rectify the chaos of the real estate market. All localities have steadily promoted the construction of the housing security system. Shenzhen and Hangzhou accelerated the cultivation and development of housing rental market, of which Shenzhen launched the first "stable rent" commercial housing rental pilot project; Guangzhou Nansha District, Yantai and other places accelerated the construction of common property rights housing system.

The China Index Research Institute believes that under the main tone of "houses are used for living, not speculation," all localities should continue to implement policies and classified guidance based on cities to consolidate the long-term regulation and control mechanism of the main responsibility of the city government. Future regulation and control policies will continue to be stable, while steadily promoting the construction of the housing security system, multi-mode, multi-channel to effectively meet the housing needs of residents, the real estate market will continue to operate smoothly.






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