According to the report, over 80% of city housing prices fell back a year ago, and shanghai went up in beijing
The recovery in sales under a range of market policies did not reverse the downward trend in november housing prices。
According to data released today by the china institute of index studies, the average price of new housing in 100 cities nationwide was $10,589 per square metre in november, with the ring and year-to-year ratios falling again. The price of residential housing in 82 of the 100 cities fell on a year-on-year basis, with 4 more cities falling than last month. In other words, over 80 per cent of urban housing prices have been reversed to a year ago。
However, the average price of new housing in 10 major cities, including beijing and shanghai, showed signs of recovery in october, with the first slight increase in november after a six-month decline。
The 100-city house price is down for seven months. Front
According to the latest published 100-city housing price data, the average cost of new housing in 100 cities nationwide was $10,589 per square metre in november, a decline of about 0. 38 per cent in the ring ratio compared to the average price of $10,629 per square metre in october and a decline in the ring ratio for the seventh consecutive month。
The number of cities falling in the ring is also increasing. In november, the number of cities with declining residential prices was 76, an increase of three over the previous month. Of these, nakayama, shao xing, and the sun fell the most, falling by more than 3 per cent. The ring ratio rose by 23 cities and decreased by 4. The average price of a city's dwelling is the same as last month。
In addition, the price of 100 city houses has been consistently low. The data show a 1. 57 per cent drop in average housing prices in 100 cities compared to the previous month, an increase of 1. 05 percentage points over the previous month。
Specifically, in november, 82 of the 100 cities experienced a decline in residential prices over the same period, with 4 more cities falling than last month. In other words, over 80 per cent of urban housing prices have been reversed to a year ago. Of these, 10 cities, such as sanya, fell significantly, from about 10 to 18 per cent。
Ten big cities have seen a slight increase in house prices
In november, the average residential price in 10 major cities, including beijing and shanghai, dropped slightly compared to the total urban housing price ring, which showed some optimism。
According to the 100-city price index survey on new housing in 10 major cities, including beijing and shanghai, the average residential price in 10 large cities was 18946 yuan per square metre in november 2014, a slight increase of 0. 07 per cent for the first time after six months of decline。
In shanghai, shenzhen, tianjin, and nanjing, the ring ratio rose. In shanghai, the average house price rose by 1. 18 per cent, the highest in 10 major cities and by 5. 23 per cent in the same year. However, the remaining six cities, such as beijing and guangzhou, continued to fall to varying degrees, with the largest decline in chongqing, with the ring falling by 1. 81 per cent。
In the 10 major cities, housing prices have also risen by more than half in comparison with lower cities, except in shanghai, beijing, nanjing and shenzhen. Hangzhou, which has experienced a significant downward adjustment in housing prices since this year, not only continued to decline by 0. 93 per cent in november, reaching 10. 08 per cent in the same year。
In the short term, high stock levels are difficult to change
From local restrictions on purchases, to initiatives such as the new deal for housing loans, the central bank interest rate reduction, and the readjustment of the public pool, the market policy was followed. As a result, there have recently been signs of warming in a number of urban buildings。
However, according to the november 100 urban housing price data, while the decline in housing prices in the country's major cities has continued to narrow, the decline has not been reversed。
For this reason, industry believes that the situation with regard to supply remains unchanged in most cities during the year. According to the shanghai institute of eternal estates, by the end of october, the ratio of sales in 13 of the country's 35 major cities was over 20 months。
Moreover, according to zhang xu, the first half of the year's market downturn has created a high performance pressure on most developers, so price increases are not strong, and the average rate is still dominant。
The chinese institute of index studies also predicts that future “go-to-stock” will remain the dominant urban melody and that in the short term the prices of housing in the country's major cities will continue to be under downward pressure. (china new internet building channel)
