On 15 august, the national institute of statistics published the evolution of commodity houses sales in 70 cities in july 2019, which showed that the price increase for newly built commercial houses in 70 cities continued to fall overall, with a fragmentation among cities and a decline in second-hand house prices in 20 cities for two months。
According to liu jianwei, senior statistician in the urban division of the national statistics office, the increase in the price of commercial residential sales in july was generally stable. Preliminary estimates indicate an increase of 0. 3 per cent in the price of new residential housing in four front-line cities, an increase of 0. 1 percentage points over the previous month. Beijing increased by 0. 6 per cent, guangzhou by 0. 3 per cent, shenzhen by 0. 1 per cent and shanghai by 0. 1 per cent; 31 second-line cities rose by 0. 7 per cent, or 0. 1 per cent; and 35 third-line cities increased by 0. 7 per cent, or the same increase as last month。
According to an expert analysis of the daily economic news reporter: “in july, the price of new homes in the ring showed a narrow pattern of growth, further reflecting the direction of `stable house prices, steady expectations and orderly' in the area of housing transactions. In practical terms, in may this year, bank credit policies began to tighten continuously, with a greater impact on local market transactions. Local regulation of the real estate market, including supervision in the area of house sales, has increased, and various types of price increases have decreased, further contributing to the removal of the housing price bubble. The current policy fundamentals remain unchanged and the increase in house prices will be further narrowed.”
The price of xian's new house has increased by eight-time crowns
In cities where the prices of new houses increased on a year-on-year basis, sian continued to lead. And for the last eight months, sean has been at the top. The industry believes that, given the continued tightening of policies in the recent past, particularly with regard to restrictions on access to housing and suburban areas, it can be expected that the subsequent increase in such houses will also narrow。
With regard to the segmentation of cities on the various fronts, the expert analyses that “first, because of the recent marked upgrading of controls in second-line cities, particularly in the area of credit policies, interest rate increases will lead to a decline in market transactions and thus to a relatively smooth market; second, because the price increase in second-line cities is still relatively large and is not narrow, the price increase in some non-hot-line three cities is higher”
“in the light of the trend towards market segmentation, the rise in cities is concentrated in some three-line cities, but the overall increase has been in place since 2019, and in the light of the subsequent trend, the tightening of trust and dollar debt in early july has had a significant psychological impact on markets. In august, when market practices are low, it is expected that the reduction in housing prices will continue to increase significantly. The experts predicted that “market price changes as a whole continue to be dominant, with high growth rates in cities such as pyramid hills, dalits, xiamen, and so forth likely to result in additional regulatory policies。
The number of cities with new housing prices rising in july was 60, down from 63 in june。
In the light of the increase in housing prices and changes in the number of cities falling, 60 cities rose in july, 3 cities fell and 7 cities remained flat. The slowdown in the market has been clearly influenced by the tight housing finance environment and the tightening of the availability of finance for housing enterprises, which are already operating in various locations, such as through positive price reductions. This has led to a reduction in the number of cities where housing prices have risen, and has led to a narrowing of the data on the price index increase in 70 cities。
Experts noted, however, that it was important to note that the number of cities with flat housing prices had begun to increase, which meant that some cities were entering the path of “problems of growth but short-term decline”。
The price of the hoo-hot and hott used rooms rose by nine-time crowns
It is worth noting that the price of second-hand houses has risen in july across all line cities. Four first-line cities rose by 0. 3 per cent; 31 second-line cities increased by 0. 4 per cent, an increase of 0. 1 percentage points over the previous month; and 35 third-line cities increased by 0. 7 per cent, a flat increase。
According to the expert: “in terms of the number of cities rising and falling, the number of cities with increased prices of second-hand houses increased significantly between june and july, and 20 cities with lower prices between june and july, 2019”
In cities where secondary housing prices have risen, the ring ratio has increased in 36 cities, mainly in jinzhou, xiamen, taiwon, co-fertilizer, etc. The increase slowed in 28 cities, including urumqi, houthu and hott, nandu and xuzhou, which have been rising for nine consecutive months。
According to the experts, “the increase in the ring of second-hand houses or in the price of landlords became stronger after the increase in rental prices during the summer vacation in july. In comparison, however, the increase has been somewhat narrow, indicating that the regulatory effect that began in may has been felt and that the trend towards a rise in the same year has been contained.”
It is noteworthy that luoyang replaced tinless as a city with a second-hand ring increase in july. According to the experts, “affected by the previous policy of price limits for new houses in luoyang, the expectations of some home buyers have shifted and accelerated the purchase of houses out of fear of tightening the policy, which in turn contributed to higher prices for second-hand houses in looyang. It is assumed that luoyang's control over the used house market will also be upgraded。
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