According to the 100-city housing price report published by the shanghai institute for evictions real estate, the average value of new commercial housing in 100 cities monitored by the institute was $11,541 per square metre in 2017, and $12,800 per square metre in 2018, an increase of 11 per cent。
According to the report, in december 2018, the average transaction price for new commercial housing in 100 cities was $13,382 per square metre, representing an increase of 0. 6 per cent in the ring, or 8. 2 per cent over the same period. The current house price continues to rise, up $85/m2 from $13297 in november。
Following the national real estate market in 2018, during the first half of the year, many cities, such as hangzhou, xi'an, chengdu and changsha, were in a row to buy their own houses, and in the second half of the year, the market showed signs of adjustment, “golden, silver, ten” was discontinued and the turning points began to appear。
Even so, the area and volume of the sale of national merchandise houses increased in 2018。
According to data published by the national institute of statistics, the total area sold in 2018 was 1,71,654 million square metres, the total value of the sale of the houses was 14,99. 7 billion yuan and the average price of the houses sold was approximately 8,737 yuan/m2. Of these, the average residential price was approximately $854/m2, an increase of $930/m2 over 2017。
In particular, according to the 100-city housing price report of china, in december 2018, out of an average of 100 cities, the first, second, and third-line cities were paid $46,485, 14240 and 10885/m2, respectively。
It is worth noting that the first-line cities experienced a new high of $42,607 per square metre in january 2018, followed by a general downward trend in the following months and a small rebound in the second half of 2018。
For the first time in december, the 3rd and 4th-line cities registered an increase based on a 10-month cycle。
With regard to the 2019 building market, zou, head of the housing data group, china institute of finance, economics and technology according to linhua, the real estate market in front-line cities is likely to take the lead in a slow recovery and cities on line 23 will continue to adjust。
According to zolinhua, in terms of urban patterns, first-line cities have entered stock markets, market volatility in development and the impact of commodity housing stock are relatively small, and market changes depend mainly on changes in policy, particularly in financing conditions. In the future, there is little potential for further policy tightening。
In his view, cities on the 23rd and 4th line were still at the stage of the incremental housing market. When sales are not good, stock levels will increase rapidly again, and pressure to remove stocks will, in turn, further increase the pressure to lower house prices。
