In the past november, the second-hand house market in beijing continued its high-level engagement in october. According to a number of agencies, in november alone, the total number of second-hand residential nets in beijing was 18763, an 8. 0 per cent increase over the same period, an increase of 49. 6 per cent, and an innovation higher than in october, the highest level in nearly 20 months。
In the view of industry, a series of policies have been accompanied by a gradual recovery of confidence on the part of buyers and sellers, and with the continuing warming of the deal, the construction of the second-hand house market in beijing is beginning to unfold, and it is expected that there will still be a wave of developments towards the end of the year, with the prospect of a “flash-back” takeover。
Web signings increased by 8 per cent in november and continued to be high
“i was very impressed by the composition of november, which was a weekend, when clients consulted online in the morning, took a look below the line in the afternoon and interviewed the owners that night, and finally the deal was successful. The last time i went through this deal was spring 2020. This is really a new deal that gives buyers and sellers enough confidence in their dealings.” the manager of the 21st century real estate lotus garden shop, located at the mabai bridge business circle in tungzhou。
According to the report, there was a steady increase in the number of regional consultations at the mahjong bridge in november compared to october, with online client consultations with brokers increasing by about 30 per cent compared to october, and an almost 1:1 below the conversion line. While looking at dynamism, the region as a whole also continued the growth momentum of october, with prices generally stable and declining。
“in november, the number of regional consultations was relatively high and the turnover was much better than in september, but slightly lower than in october.” in general, the beijing house new deal has worked well, according to the director of the business community of the beijing chainer, nueva kim chan, also located in tungzhou district. First, the purchase restrictions were eased, interest rates were lowered, and then tax policy was adjusted. The second-hand house trade has been very active in recent years, stimulated by a combination of policies。
Not only in tunzhou, but also in many commercial circles in the haydash region, the second-hand house market heat continued in november. According to u civilization, the manager of the shop of the ministry of real property construction in the 21st century, the average number of meetings per week in november was around four, and the number of consultations and readings by brokers averaged 1-2 per day, reaching 3-4 over the weekend, and the volume of trades was high as the volume continued to rise; in october and november, the total number of gmvs (the total number of deals) had reached over 90 million and was growing。
In the haidian river business circle, the beijing chainer, john yu, also told reporters that “in november, the region's consultation, reading and turnover increased further than last month, and our door shop made 15 payments”
According to the overall figures for the city as a whole, in november 2024 the number of second-hand residential net exchanges in beijing continued to rise, reaching 18763 units, with an 8 per cent increase in the ring, about 50 per cent over the same period, almost 20 months higher。
The bargaining space has been condensed, and the sale price has fallen. Steady
It is worth mentioning that, following the new deal, the registration of second-hand rooms in beijing continued to decline with the accelerated de-development of stock sources. According to data on wheat properties, there was a 2. 5 per cent decrease in the listing of used rooms in beijing in november compared to the previous month。
The relationship between demand and supply in the market has begun to change with increased transactional transactions, fewer stocks, and the bargaining space has begun to shrink as the market has been increasingly defunct over the supply of housing. In comparison with the previous month, madhav housing statistics show a 0. 35 percentage point drop in the bargaining space for second-hand rooms in beijing in november. “in general, bargaining space reflects the changes expected by both buyers and sellers to the market, and the continuing decline in bargaining space, indicating, on the one hand, that the confidence of owners in the market is growing after the new deal, and, on the other hand, that there is an increase in the optimistic expectations of home buyers about the market and the urgency of entry.”
“in november, we saw a decrease in the number of cards in the surrounding region, with prices almost flat, and a marked reduction in bargaining space compared to the previous period.” wu zhonghui of the thongzhou park business circle says。
The u-civilization of the haidigan family business also states that “with the increase in turnover, the psychological expectations of some owners have increased, the price of housing has increased to a certain degree, and bargaining space has become smaller”
In terms of the overall transaction price, according to the institute, the average second-hand housing price in beijing in november was 69192 yuan/m2, representing a decrease of 0. 12 per cent, or 8. 17 per cent, in the ring. In the view of li li feng, vice-director of research at the central-indicative institute, the bargaining space has declined for two months in a row, the price of second-hand homes has continued to shrink and the price has stabilized。
According to the beijing syndicate analyst, the price of second-hand houses in beijing has stabilized, with a small increase in the average price of second-hand houses in beijing in november, which has been rising for two months. By region, prices have risen steadily in most urban areas, with a relatively marked recovery in major urban areas, such as toyota, the sun and the west. In terms of the composition of the transaction, the central city in november saw a further rise compared to october, so that price increases were also influenced by structural factors。
Better policies help improve demand or accelerate release
It is a matter of concern that on 18 november beijing introduced a heavy-pound policy that formally abolished the standard of general and non-general housing and exempted from vat for the sale of housing for two or more years, while at the same time specifying that beijing will implement a uniform national tax credit policy for first and second flats with a size of 140 square metres and below, which will be implemented on 1 december。
“we had a client who wanted to sell a three-bedroom in his name, and when the new deal came up, because he could save a lot of taxes, he changed the construction plan, and the two had bought a three-bedroom immediately.” li xiao li of the seading river business circle。
“the current new deal continues to contribute to the growth of the deal, and there is now a clear shift towards a large-scale family-type housing that receives the attention of the consulting clients, with a further peak expected before the new year of the year.” the tunzhou mabai bridge business circle indicates。
In the view of wheatfield properties, this reduction will significantly reduce transaction costs for home buyers, especially for large, high unit-price improved housing, which is already scarce and of high quality, and now lower taxes and fees will stimulate more improved demand to enter the market。
It was further noted that replacement needs in the trade in second-hand houses in beijing accounted for a large proportion, with a new tax and fee policy introduced on 1 december and a significant increase in demand for improvement in the market for second-hand houses in beijing is expected in december。
In addition, le fong indicated that the “9. 30” new deal was strong and sustainable, that buyers and sellers' confidence had been restored and that the december tax adjustment had been implemented, and that it was expected to continue to improve in december when the beijing used house market was closed。
