The city of the long triangle has long been warm. In march and april of this year, there was an increase in the turnover of the core city buildings of nanjing, hangzhou and shanghai, especially the second-hand house trade, and the emergence of the “yang chun” contours。
In particular, there has recently been a resurgence of sales in nanjing; more than a month after the implementation of article 7 in shanghai, there has been a slight appearance of the “yang chun” movement; and the second-hand room in hangzhou has returned in march, but there is still a gap over the same period last year。
However, the housing price as a whole is still at the adjustment stage, with “lower price increases” becoming the biggest footnote in this round. Is the current market warming trend continuous
The vice-president of the shanghai institute for emigrant real estates, speaking to journalists for economic coverage in the twenty-first century, said that the recovery in the long triangle had been reflected in march and april of this year, although there was still a preference for second-hand houses. Market warming is trending, and although data may fluctuate over different months, there are a number of determining factors in the broad direction, such as the expected gradual improvement in housing prices, a policy environment that remains relaxed and the continued release of potential demand, which is positive for the entire long-triangular market。
In terms of photographs, for example, hangzhou has seen a significant increase in market activity since march. On 8 april, the first house in hangzhou was opened in the second quarter, and all three properties were closed, of which two had a property premium of over 20 per cent, up to 46. 83 per cent. On 10 april, two sites in hangzhou were auctioned at a premium of 59. 67 per cent for double-bridged plots in lake west and 23 per cent for zoe josé。
It is believed that the hangzhou and even the long triangles of the grounding market are generally characterized by “indentation, small hf”. There have been some positive changes in the land market as a whole in the long triangle, which can play a good role in the supply of quality projects this year and beyond。
Little yang chun in the used room
The long triangle city's “young spring” is largely reflected in the second-hand room。
Li xing has lived in nanjing for 30 years and has bought and sold four rooms and is currently preparing to enter one of his rooms. He observed that in nanjing, a large number of 20-30-year-old houses were rented and sold more reasonably. In the main urban area, new houses and sub-rooms have fallen to around $30,000 per square metre within five years, and houses of about 10 years of age have fallen to around $20,000 per square metre。
Li xing told economic reporters for the twenty-first century that, in the first three months of this year, there were quite a few people in nanjing who would be at the centre of the sale at night, and even at 8 or 9 p. M., “these people are really talking about prices, not numbers, because the prices are down and the prices are higher”。
Sun yu bought a house in hangzhou in march 2026. She told journalists that due to budgetary constraints, the lack of consideration of new houses, and the lack of consideration of old, small and super-high, the need to consider school districts, commercial centres and subways, and the small number of sub-districts that could eventually be selected, combined with household preferences, the only suitable housing source, she soon bought。
“the landlord also tends to take advantage of the `light youth', which can sell tens of thousands of dollars more than usual, making it more difficult to cut prices. The house that was bought was the elevator room in the zone, at a price of $13,000 per square metre, with an area of less than 82 square metres, a suite of 63 square metres and a down payment of $160,000.” sun yu said。
According to data, the hangzhou shell institute reported that in march, 9,356 used rooms were closed in hangzhou city, an increase of 178 per cent in ring-to-ring ratios, up from 124,000 since last may, but still some time from the same period last year. In terms of the composition of the transaction structure, the share of domestic housing supply in hangzhou at $2 million is 56 per cent, with the largest increase of 1. 8 per cent; the share of housing supply at $2 million - $3 million has increased by 0. 8 per cent; and the share of housing supply at $3 million - $4 million, $4 million - $5 million, $5 million - $8 million has decreased by 0. 4 per cent - 0. 5 per cent and the share of housing supply over $10 million - 1. 4 per cent, respectively。
According to the data published by the nanjing institute, which i love, in march, nanjing concluded a total of 9883 second-hand rooms, an 80 per cent increase over last month and a 5 per cent increase over last month。
However, in many of the cities of the long triangles, the market is in exchange for a “price-for-price” return. In hangzhou, i love my family's data, which show that in march, the average value of a dwelling in hangzhou (other than fuyang, pianan) was 27027 yuan/m2, a 6. 7 per cent decline in the ring, or 16. 3 per cent in the same year。
The main consideration for li xing's house was the quality of the area, transportation and the building, which he had seen in nanjing since december of last year, both in the used room and in the first room. “the second-hand house is mainly a new house within five years, but the houses built in those years were not as good as they would have been because the market was good and the house was good for sale. The second-hand room was not found suitable, so the new room was visited, and the building that opened after 2025, whether in the public area or in the standards of renovation, would be more caring.”
Li xing observed that housing prices in nanjing are now falling overall. In the last few years, property in the main city of nanjing, over $7 million, has fallen to 3 million to 4 million, and 5 million to 2 million to 3 million. In contrast, the probability of $3 million falling to $1 million is lower。
There have also been cities that have "better prices," and this is shanghai. In march this year, 31215 used rooms were sold in shanghai, an increase of 6. 39 per cent over the previous year and 37 per cent over january; on the price side, the average used house in shanghai was $55075 per square metre, a slight increase of 0. 08 per cent over the ring, ending the downward trend of 33 consecutive months。
At the age of 27, he is currently a programmer at a foreign company in shanghai. In march of this year, she bought a set of “old and small” in shanghai at a total cost of over $1 million. She told journalists that her own house was bought for investment reasons and focused mainly on rental-sale ratios, “the market turnover of the buildings in shanghai in march and april is relatively high and may be related to school implementation”。
The buyers are rational
It is believed that, in terms of new houses, the long triangle is performing well, but the overall performance is weaker than that of second-hand rooms. This pattern of “low-price rise” is essentially just a matter of decision. In such a market, second-hand houses in areas that just needed to be promoted were outstanding。
“of course, there is also a need for improvement behind it, for example, by concentrating on better-planned urban areas. In nanjing, for example, it is mainly concentrated in oscilloscopes; hangzhou is similar and is also around the oscilloscope. In general, these new plans are good in urban areas, and the market is performing relatively well.”。
Behind that is also closely related to policy。
On 25 february, shanghai's five departments jointly issued a new “article 7” to optimize the building market, releasing benefits from a wide range of dimensions, such as easing the building purchase threshold, optimizing the provident fund loan and improving the property tax policy。
Turning to “article 7”, the main effect, according to tobo, was to give family elders an additional space to buy a house. “in general, `article 7' has resulted in more eligibility for purchase, has increased the ability to purchase for those looking at the properties in shanghai and now has a positive impact on the stability of the market prices”。
On 20 march, nanjing published the policy measures for the stabilization of the real estate market, known as “ning six”, which include a discount of 1 per cent of the total amount of the loan granted by “solders” buyers, the continuation of the “house ticket” policy and the adjustment of the down payment rate for commercial housing. As early as january 4th this year, nanjing launched the “young talent ticket” policy, which is subsidized at 30,000 yuan for universities, 60,000 yuan for undergraduates, 100,000 yuan for masters and 150,000 yuan for doctors。
On 30 march, hangzhou issued a circular on policies for optimizing the use of the housing provident fund, in which the maximum family loan line was raised directly from 1. 3 million yuan to 1. 8 million yuan, and the individual loanable ceiling was raised simultaneously to 0. 9 million yuan. The calculation of the individual loanable amount was adjusted from 15 to 20 times。
As a result of the policy, a number of home buyers and sellers are clearly divided。
In an interview with a journalist for economic journalism in the twenty-first century, mahon, who worked in nanjing, said that he was focusing on the second-hand new house in the new town of nanjing, because the waiting room in the new town was too late and the late rooms were dominated by high-end projects that did not match his needs。
Mahone claimed that he was still in a state of concentration and that there was no house in which prices were being negotiated. After a month or two, she found that there were fewer and fewer tradable houses, and that there was a marked inconsistency between the money-seed buyers and the sellers who were waiting for the price, in the current “young spring”。
“are there more buyers or do they feel that the house is now larger than the demand and that after the first half of the year, the prices will stabilize. But the sellers of the new city in the south are mostly high-rises, trying to minimize the damage as soon as the price of the house continues to rise。
With regard to future housing price trends, li estimates that the following two to three years will see lower prices for new houses in nanjing city; that “old, old” and far-flung houses will continue to fall; and that “old, small” houses will not be sold, but may not fall significantly because they can be rented. In nanjing city, there were many old houses in the 1980s and 1990s, but the residential experience was so poor that it was impossible to speak of the community environment. In general, nanjing's house prices will not rise, but there are still a lot of buyers, and demand is always there。
Mahon stated that it would not be too much leverage to be taken into account for the prgf policy adjustment, “a house that does not match the floor price and real value”。
Li xing believes that, for ordinary people, the house should be purchased in ways that are affordable. After approximately two decades of residential housing, the product will become generally obsolete and all types of property will face falling prices。
