The rise in house prices in 70 cities fell back in October, and the real estate market further stabilized.

| gov.cn

The National Bureau of Statistics released statistics on the price changes of commercial housing sales in 70 large and medium-sized cities in October. Data show that compared with the previous month, sales prices of new commercial housing and second-hand housing in first-and second-tier cities have fallen back.

Kong Peng, chief statistician of the City Department of the National Bureau of Statistics, 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 and housing without speculation," consolidate the main responsibility of the city, and revolve around the goal of stabilizing land prices, housing prices, and expectations. In-depth implementation of real estate regulation and control "one city, one policy", the real estate market has further stabilized, price increases have fallen back.

Kong Peng said: according to preliminary estimates, the sales prices of new commercial housing in four first-tier cities rose 0.1 percent from the previous month, down 0.3 percentage points from the previous month. Of this total, Beijing and Guangzhou fell 0.2 per cent and 0.1 per cent respectively, while Shanghai and Shenzhen both rose 0.4 per cent, down 0.1 and 0.8 percentage points respectively from the previous month. The price of second-hand home sales rose 0.1% from the previous month, down 0.2 percentage points from the previous month. Of these, Beijing, Shanghai and Guangzhou fell 0.6 per cent, 0.2 per cent and 0.1 per cent, respectively, while Shenzhen rose 1.0 per cent, down 0.3 percentage points from the previous month. 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, down 0.1 percentage points from 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.

Compared with the same month last year, sales prices of new commercial housing and second-hand housing in second-and third-tier cities continued to fall year on year, while increases in first-tier cities expanded slightly.

The reporter combed and found that among the 70 large and medium-sized cities, the prices of new commercial housing fell in 17 cities over the previous month, an increase of 5 over the previous month. Second-hand home prices fell by as many as 35 cities, accounting for half of the 70 large and medium-sized cities, and seven more than last month. The number of cities with new commercial and second-hand housing prices falling month-on-month hit new highs for the year. This also shows that the real estate market has further stabilized.

Although the current commercial housing prices generally do not show an obvious upward trend, but developers in exchange for volume, in the form of discounted sales promotion, to a certain extent, promote active transactions, pull sales up. Until the end of the year, developers want to impact good performance, the current situation is likely to continue to discount sales.

This year's property market "gold nine silver 10" is not obvious, the market appears the volume increases but the price maintains the stable situation. Recently, some places have introduced talent policies, to a certain extent, have an impact on the real estate market. Local governments should monitor closely and should not blindly regard the talent policy as a breakthrough for relaxing regulation and control in disguise. (reporter Kang Shu)

The rise in house prices in 70 cities fell back in October, and the real estate market further stabilized.

| gov.cn

The National Bureau of Statistics released statistics on the price changes of commercial housing sales in 70 large and medium-sized cities in October. Data show that compared with the previous month, sales prices of new commercial housing and second-hand housing in first-and second-tier cities have fallen back.

Kong Peng, chief statistician of the City Department of the National Bureau of Statistics, 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 and housing without speculation," consolidate the main responsibility of the city, and revolve around the goal of stabilizing land prices, housing prices, and expectations. In-depth implementation of real estate regulation and control "one city, one policy", the real estate market has further stabilized, price increases have fallen back.

Kong Peng said: according to preliminary estimates, the sales prices of new commercial housing in four first-tier cities rose 0.1 percent from the previous month, down 0.3 percentage points from the previous month. Of this total, Beijing and Guangzhou fell 0.2 per cent and 0.1 per cent respectively, while Shanghai and Shenzhen both rose 0.4 per cent, down 0.1 and 0.8 percentage points respectively from the previous month. The price of second-hand home sales rose 0.1% from the previous month, down 0.2 percentage points from the previous month. Of these, Beijing, Shanghai and Guangzhou fell 0.6 per cent, 0.2 per cent and 0.1 per cent, respectively, while Shenzhen rose 1.0 per cent, down 0.3 percentage points from the previous month. 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, down 0.1 percentage points from 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.

Compared with the same month last year, sales prices of new commercial housing and second-hand housing in second-and third-tier cities continued to fall year on year, while increases in first-tier cities expanded slightly.

The reporter combed and found that among the 70 large and medium-sized cities, the prices of new commercial housing fell in 17 cities over the previous month, an increase of 5 over the previous month. Second-hand home prices fell by as many as 35 cities, accounting for half of the 70 large and medium-sized cities, and seven more than last month. The number of cities with new commercial and second-hand housing prices falling month-on-month hit new highs for the year. This also shows that the real estate market has further stabilized.

Although the current commercial housing prices generally do not show an obvious upward trend, but developers in exchange for volume, in the form of discounted sales promotion, to a certain extent, promote active transactions, pull sales up. Until the end of the year, developers want to impact good performance, the current situation is likely to continue to discount sales.

This year's property market "gold nine silver 10" is not obvious, the market appears the volume increases but the price maintains the stable situation. Recently, some places have introduced talent policies, to a certain extent, have an impact on the real estate market. Local governments should monitor closely and should not blindly regard the talent policy as a breakthrough for relaxing regulation and control in disguise. (reporter Kang Shu)







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