Today, the chinese institute of indexes published a 100-city housing price index for the month of august, which averaged 1,077 yuan per square metre for new commercial housing in 100 cities across the country, a decrease of 0. 59 per cent over the previous month and a decline of 0. 22 percentage points in the fourth consecutive month. In terms of urban growth and decline, 74 cities fell and 26 rose。
To date, 37 of the 46 cities with limited purchases have been untying, but the effects of the untying have been less evident in terms of market performance, and experts have indicated that neither supply nor demand in the building nor market expectations will change in the short term as a result of the elimination of the restrictions. In addition, credit continues to be a key factor influencing the process of the building market, and the sustainability of the post-market momentum remains to be seen while credit is still loose. However, with the arrival of the city's “golden-solden-silver ten”, housing enterprises have accelerated the pace of price-for-price swaps, and the market has been traded or will rebound。
The average of 74 cities with flat prices fell for four months
By comparison, in august 2014, out of 100 cities, the number of residential prices rose from 26 in july 2014 to 2 last month. The number of cities with declining residential prices was 74, two fewer than last month. The top 10 cities fell in order of importance: zhang jiaang, sanya, xi'an, guilin, changsha, tsang city, fuzhou, suzhou, sunshine, guiyang. Of these, zhang jiadong and sanya fell by more than 3 per cent。
With regard to the ring comparison, in august 2014, the price of 100 urban dwellings increased by 3. 15 per cent from august 2013 and by 1. 57 percentage points from the previous month and by the eighth consecutive month. Of the 100 cities, 39 experienced an increase in residential prices on a year-on-year basis, 9 fewer cities than last month. Of these, the largest increase was in xiamen, 18. 26 per cent; in beijing and shanghai, 6 cities increased between 10 and 14 per cent; and in shenzhen and nanjing, 27 cities increased between 1 and 10 per cent. In 61 cities, the price of residential housing fell on a year-on-year basis, with 9 more cities falling than last month. In winzhou, the sunlight fell by 11. 83 per cent and 11. 05 per cent, respectively, the same year。
In addition, according to the 100-city price index survey of the total sample of newly built dwellings in 10 major cities, including beijing and shanghai, the average residential price in 10 large cities was $19,226 per square metre in august 2014, a decrease of 0. 53 per cent in the ring ratio for the fourth consecutive month, a decline that was narrower than last month and a decrease in all 10 cities. In particular, the hangzhou ring fell by 1. 81 per cent, leading the way in 10 major cities. In comparison, the average price in 10 major cities rose by 7. 58 per cent, for the twenty-second consecutive month, continuing to decline by 2. 18 percentage points。
37 expert on untying: limited impact on market stimulus from the cancellation of limited purchases
Since the rise and fall of the city in may this year, the downward trend in the market has become increasingly evident. In order to boost the city's warmth, local governments, guided by the central “classification regulation” policy, have adapted the limited purchase policy to local conditions by adopting policies to remove the restricted or untying。
According to china's new internet housing channel, only nine of the 46 municipalities that had previously had a limited purchase policy had yet to lift their restrictions, and 80 per cent had liberalized their purchases。
In terms of market performance, at the time of the “full month” of restricted purchases in several cities, the effect of untying was not apparent, with only six ring-by-sale increases, the largest of which was 1. 47 per cent over the previous month, according to the august 100 city housing price data. On the contrary, sian, changsha and fukuzhou, which have eliminated their restrictions on purchases, fell by 2. 72 per cent, 2. 61 per cent and 2. 45 per cent, respectively, in august。
“there are differences in the way cities are liberalized, in terms of content and intensity, and in the extent to which local regional markets differ in terms of supply and demand, stocks and excess capacity. Chen guoqiang, vice-president of the china real estate society, in an interview with the china new network housing channel, stated that, overall, the cancellation of the purchase restrictions had had limited impact on market stimulus. For this reason, chen argued that neither supply nor demand in the building nor market expectations would change in the short term as a result of the elimination of the purchase restrictions。
According to daewei zhang, the chief analyst of china's real estate, credit has not been substantially eased, some urban prices remain high and the sustainability of the market remains to be seen。
Developer's price-for-money "golden and silver ten" or scalable
With the advent of september, the traditional “golden-sixty-sixty” season for the sale of real estate will arrive, a period in which housing companies will increase their push, as well as more frequent activities, such as discount sales, to trigger a deal。
The chinese institute of indicators analyses that, with the arrival of the “golden-sixty” supply peaks, housing firms are expected to increase their push, while reasonable pricing and effective marketing will attract new entrants, markets will be closed or seasonal rings will rise。
According to zhang, after more than half a year of market depression, the overall financial pressure on firms has been high, and perhaps more firms have opted for price-for-price strategies to boost the recovery of the deal. However, this year's colour will be significantly bleak compared to 2013. (lushaw)
Responsible editor: zhang dei
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