echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Coatings News > Paints and Coatings Market > First-tier city property market transactions rose second-hand housing rebound speed super new housing

    First-tier city property market transactions rose second-hand housing rebound speed super new housing

    • Last Update: 2021-02-01
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    China Paint Network
    News:
    "3.30 New Deal" hot Shenzhen property market, some hot spots rose more than 40 percent, but the reporter found that the first-hand property market in first-tier cities is still generally in the stage of price stability, second-hand buildings rebound faster than first-hand buildings. Industry insiders said that the current first-tier cities to inventory speed has accelerated, when the price increase later also depends on the speed of going to inventory.Second-hand buildings rebound faster than the first-hand building "3.30 New Deal" hot Shenzhen property market. Data show that some hot spots, such as the forehai, Longhua, Bao medium area in two months house prices have soared by nearly 40%. On a recent weekend, all three new properties in Shenzhen's property market were "daylight". Some homebuyers even say "buy what you have."However, in the same first-tier city northward, it seems that the New Deal caused by the waves are not so obvious, more impact is the rise in property market turnover, did not cause a sharp rise in housing prices. NetEase real estate data show that since May, Guangzhou first-hand property turnover has been more than 2000 units for three consecutive weeks, and in April, the average weekly turnover of about 1600 sets. However, in terms of prices, the overall transaction price remained stable, according to NetEase real estate in May 100-unit survey data show that in May, 41% of guangzhou real estate transaction prices were basically stable, up 28% month-on-month; The proportion of price increases continued to be higher than the price reduction, with 34% of properties rising by more than 2%; And the price reduction of only 25%, the proportion continued to decline.Turnover in Beijing's property market has also increased. Yesterday, chain home real estate data show that as of the 27th, Beijing's new commercial housing after deducting affordable housing, since housing, pure commercial residential transactions 4,278 units, up 40.4% month-on-month, up 21.3% from the same period last May. It is expected that in May this year, the volume of pure commercial residential transactions or will reach 5000 units, significantly better than the same period last year, is also about to become the highest monthly turnover this year.However, from the price point of view, beijing pure commercial residential transaction average price of 28,711 yuan / square meters, down 3.3% month-on-month, showing a steady and slightly lower trend.In terms of second-hand buildings, the rate of recovery is stronger than that of first-hand buildings. Central Plains data show that last week's second-hand residential market transactions have risen again, the Central Plains monitoring of 21 cities data show that last week's second-hand residential transaction area rose 16% month-on-month. Among them, the four first-tier cities rose collectively, with total turnover up 30% month-on-month. The market has been in a high volatility range for six weeks.Whether prices rise later depends on destocking Zhongyuan Real Estate chief analyst Zhang Dawei said that compared with the peak of transactions at the end of last year, there is still a gap in the property market. Compared with last year's "September 30 New Deal", also as the second month after the New Deal, the volume of new housing transactions in the first 24 days of May fell by 10% compared with the same period last November, with third- and fourth-tier cities falling the most by 31%. It can be seen that compared with the strong growth of the second-hand housing market, the rebound in the new housing market is relatively moderate, "high inventory, depressed land market, will remain the overall market is currently facing serious problems." However, high inventories have eased in first-tier cities. Chain home data show that as of the 27th, Beijing's new commercial residential inventory of 80,745 units, more than 10,000 units digested at the end of last year. In terms of total inventory, it is still relatively high, but the expected good coupled with the current improvement in digestion speed, housing inventory pressure has been significantly reduced.And the World Bank data show that the rate of destocking in Guangzhou has increased for three consecutive weeks, but the current market inventory than normal year inventory is still high, World Bank analysts believe that the future market price in Guangzhou can rebound will depend on whether inventory can reach normal values.Li Qiaoling, research department of chain home real estate market, believes that from the actual transaction of the current project in Beijing, the price trend is still relatively stable. And because of the rapid rise in pure commodity residential transactions, a number of projects appear daylight, as the market into a sustained high temperature, coupled with the reduction in supply, prices will gradually rise in the future.
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.