Prices of urban housing continue to improve on all fronts, with the same year-on-year decline in november being the first to narrow, with an increase in the number of ring-up cities。
On monday, 16 december, the national statistical office (nso) data show that in november 2024, in 70 large and medium-sized cities, the price of commercial residential sales increased by the number of cities, the price of first-line urban residential sales by the total increase, and the decline in the two- and three-line urban circulation by the same token was narrow for the first time since the current year。
In november, 17 of the 70 major and medium-sized cities saw the price of new residential construction increase, 10 more than in the previous month, and 10 more than in the second-hand。
The press spokesman of the national statistical office said:
In november, our building market became more dynamic and markets are expected to improve, continuing to move in a more stable direction。
It is expected that the late developments in our real estate market will continue to improve. In the next phase, the party's central state council will be responsible for following up on the deployment of its decision-making, in order to gain insight into the objective reality of profound changes in the supply and demand relationship in the real estate market, to exercise strict control over increases, to optimize stocks, to improve quality, to improve the housing system with multiple supply channels, to secure and rent the same, to accelerate the construction of new models for real estate development, to better meet the demand for rigid and improved housing and to promote a smooth and healthy housing market。
Second-hand rooms: second-hand residence ratio in the first-line cities increased by 0. 4 per cent, with the same narrowness in all lines
In comparison, the prices of urban residential goods on the 12th and 3rd lines have been reduced by the same amount
Second-hand residential sales in front-line cities decreased by 8. 0 per cent in comparison with the same year, by 1. 6 percentage points
Second-hand residential sales prices in second-line cities decreased by 8. 4 per cent in comparison with the same year, and by 0. 4 percentage points。
Second-hand residential sales in third-line cities decreased by 8. 8 per cent in comparison with the same year, with a contraction of 0. 2 percentage points。
The ring comparison has also improved:
Second-hand residential sales prices in the first-line cities increased by 0. 4 per cent, the same amount as last month。
Second-hand residential sales prices in second-line cities decreased by 0. 2 per cent and by 0. 2 percentage points。
Second-hand residential ratio in third-line cities decreased by 0. 5 per cent and by 0. 1 percentage points。
Specifically, in the first-line cities:
Second-hand residential prices increased by 0. 9 per cent in beijing in november compared to -6. 2 per cent in the same year。
Second-hand residential prices increased by 0. 4 per cent in shanghai in november, compared to 4. 9 per cent in the same period。
Second-hand residential prices in guangzhou in november were around 0. 4 per cent, compared to 11. 9 per cent。
Second-hand residential prices in shenzhen increased by 0. 5 per cent in november, compared to 9. 0 per cent in the same year。
New houses: lines per year, ring decreases
By comparison, the lines are narrow and the ring is down
Prices for the sale of new-commodity housing in front-line cities decreased by 4. 3 per cent over the same period, a decrease of 0. 3 percentage points less than last month. The ring ratio decreased from 0. 2 per cent last month to even
The prices of new residential housing in second-line cities decreased by 5. 8 per cent over the same period, a decrease of 0. 2 percentage points less than last month. The ring ratio decreased by 0. 1 per cent and by 0. 4 percentage points less than last month
Prices for the sale of newly built housing in three-line cities decreased by 6. 5 per cent in comparison with the same year, with a decrease of 0. 1 percentage points; the ring ratio decreased by 0. 3 per cent, with a decrease of 0. 2 percentage points
Specifically, in the first-line cities:
New commodity residential prices in beijing in november were around 0. 5 per cent, compared to 5. 3 per cent。
In shanghai, the price of new commodity residential housing rose by 0. 6 per cent in november, compared to +5. 0 per cent。
In guangzhou, the price of new commercial dwellings in november was around 0. 3 per cent, compared to 9. 9 per cent。
In shenzhen in november, the price of new commercial housing rose by 0. 3 per cent, compared to 7. 1 per cent。
