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Xinhua News Agency, Beijing, December 14 Question: The real estate market growth rate in November fell and watch out for local regional hot spots
Xinhua News Agency reporters Wang Youling and Zheng Juntian
According to data released by the National Statistics Office on the 14th, the rise in property market prices in 70 large and medium-sized cities in November was generally stable, with a slight decline. Experts said that since August, the increase in the sales price of new-build commercial homes and the sales price of second-hand homes in first, second and third tier cities has continued to decline. Under the trend of general stability in the real estate market, we must be alert to the “abnormalities” of the market in some hot spots.
According to the “Changes in the sales prices of commercial residential buildings in 70 large and medium-sized cities in November 2020” published by the National Statistics Office, in November, the sales prices of newly constructed commercial residential buildings in 4 cities of First tier rose 0.2% month-on-month, a 0.1% decrease from the previous month. Among them, Beijing fell 0.1%, Shanghai and Shenzhen were stable and Guangzhou rose 0.9%. The sale price of second-hand homes rose 0.5% month-on-month, the same rate as last month. Among them, Beijing, Shanghai, Guangzhou and Shenzhen rose 0.5%, 0.3%, 0.8% and 0.6%, respectively.
“In November, all localities conscientiously implemented the arrangements of the Party Central Committee and the State Council, focusing on the objectives of the regulation of stabilizing land prices, house prices and stabilizing expectations, and still implemented plus the long-term real estate mechanism to promote the stable and healthy development of the real estate market. ” Statistician Sheng Guoqing said.
According to data from the National Statistics Office, in November the sale price of newly built commercial housing in 31 second-story cities rose 0.1% month-on-month, the same rate as the previous month; the sale price of second-hand homes rose 0.1% from the previous month, and the rate of increase was 0.1% lower than the previous month. The sales price of new-build commercial housing in 35 third-story cities rose 0.1% month-on-month, and the increase was 0.1 percentage point lower than the previous month; the sale price of second-hand homes increased 0.2% month-on-month, the same as the previous month.
Since August, the increase in the sale price of new commercial housing and the sale price of second-hand housing in all tier cities has continued to decline or remain stable. After comparing the data, the journalist discovered that the increase in the sale price of new construction commercial homes in the first, second and third level cities fell from 0.6%, 0.6% and 1% in August to 0.2%, 0.1% and 0.1% in November, respectively; Second-hand home prices rose. From 1.0%, 0.4% and 0.6% in August to 0.5%, 0.1% and 0.2%.
Yan Yuejin, research director at the E-House Research Institute’s Think Tank Center, said that the cooling trend of house price growth is related to the overall real estate market environment throughout the year. In the fourth quarter, real estate companies consciously cut prices to accelerate the sprint toward the full-year sales target; Cities such as Xi’an and Ningbo have intensively issued strict control policies, and all regions are actively consolidating the main responsibility of cities, favoring the overall stable development of the real estate market.
Judging by changes in the number of cities where house prices rose month-over-month, in November, the number of new-build commercial home prices increased month-over-month in 36 cities, 9 less than last month; 28 cities fell, 9 more than last month; 6 House prices in these cities were unchanged from month to month, just like last month. Among them, the biggest month-over-month increase was 1.2% for Jining; the biggest drop was -0.4% for Taiyuan, Nanchang and Nanchong.
“From a conventional point of view, after two months of concentrated transactions in September and October, the real estate market will enter a period of adjustment of ‘respite’ in November, and it is normal for the real estate market to cool down. Furthermore, many cities have introduced stricter regulation of the housing market in the fourth quarter. The measures suppressed the expectation of an increase in house prices. Therefore, the price increase in November began to slow down, “said Lu Wenxi, senior analyst for Centaline Property.
Since the second half of the year, with the implementation of various regulatory policies, the upward momentum in housing prices in overheated cities in the real estate market has been suppressed. According to Centaline Property’s calculations, as of November, since the second half of 2020, more than 30 cities have tightened control policies. Hot cities like Hangzhou, Dongguan, Ningbo, Zhengzhou, Shenzhen, Nanjing, Changchun and Haikou have introduced policies for the real estate market. Cool down.
Market analysts noted that this year’s real estate market has become more differentiated. Some hot cities in the Yangtze River Delta and the Guangdong-Hong Kong-Macao Greater Bay Area face upward pressure on house prices, with “prices upside down”, “crowdfunding for new projects “and” ten thousand people looting houses. ” Exaggerated phenomenon; and some cities have insufficient industrial support and a net population outflow, and the real estate market is facing downward pressure. In this sense, all localities must tighten the chain of regulation of the real estate market at all times and be attentive at all times to “transitions” and risks that affect the stability of the real estate market, and take rapid measures when problems are encountered to prevent the spread of local problems.
