Home » Beijing September second-hand housing transaction volume fell by 3,000 sets | School District Housing | Transaction Decline | Mortgage Loans

Beijing September second-hand housing transaction volume fell by 3,000 sets | School District Housing | Transaction Decline | Mortgage Loans

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Industry: Beijing may have a price war in the property market

[Epoch Times September 30, 2021](Epoch Times reporter Liu Yi comprehensive report) Beijing’s second-hand housing transaction volume in September fell by 3,000 units from the previous month, and the price of housing in top school districts fell by 4 million yuan and no one was interested. Beijing second-hand housing market Full of coolness.

“Beijing Business Daily” reported on September 29 that it was learned from the Centaline Real Estate Research Center that with the upgrading of various regulatory policies, Beijing’s second-hand housing market has completely frozen, and the second-hand housing transaction volume was only 10,000 as of September 27. It is estimated that there will be only 12,500 sets in the whole month. Calculated on the basis of 12,500 sets, the transaction volume decreased by more than 3,000 sets compared with the 15,942 sets in August, a decrease of approximately 21.6%; compared with the peak of 22,172 sets in March this year, the number of transactions decreased by approximately 10,000 sets, a drop of 43.6%. .

At the same time, following the Beijing authorities’ changes in the school district housing policy in July this year, the school district’s housing as a leader in second-hand housing has also begun to cut prices. Houses in the traditional “top school districts” Desheng and Yuetan have begun to significantly reduce prices. A house in Desheng District, which is 40 years old and has a construction area of ​​38 square meters, has recently completed a transaction at a “low price”. In less than two months, the price difference for the same house reached 1.2 million yuan.

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According to CBN news, since July, the listing price and transaction volume of houses in popular school districts in Beijing’s Xicheng District, Desheng, Yuetan, Haidian Wanliu, etc. have dropped rapidly. According to a real estate agent in Lianjia, Xicheng District, 8 In December, the transaction volume of second-hand housing in Desheng area fell by nearly 50%, and house prices fell by nearly 10%.

A real estate manager in the Wanliu area of ​​Haidian said to China Business News: “On the whole, housing prices have fallen back to the level of a year ago.” Taking the same type of housing as an example, the value of oil housing has shrunk compared with the high point. About 4 million yuan.

He said: “Since September, the number of listings for sale has increased compared with the previous month, but the psychological price of homeowners is difficult to continue to drop, but buyers are not expected to rise. Under the game between the two sides, the superposition of next year’s admission policy is still unclear. As of the third week of this month, the transaction volume in the area was only 4 sets, compared with 36 sets in the same period in March, a decrease of about 80%.”

Regarding the reasons for the downturn in second-hand housing transactions, Centaline Real Estate analyst Zhang Dawei believes that the tightening of credit in the second-hand housing market has comprehensively restrained customers from swapping houses. The data of online signing is relatively lagging, especially since the price control of second-hand housing has been strengthened in various places recently, the volume of online signings announced by many cities has begun to lag behind the market, and the actual market decline has been greater than that of online signings. At the same time, the difficulty of lending in the second-hand housing market has completely restrained the market’s activity, especially in first- and second-tier cities, where the proportion of second-hand houses is high. The current loan cycle has exceeded 3 months. The difficulty in lending during the year continued, and the market transaction volume continued to decrease, including Shenzhen, etc. The city’s trading volume is already at its lowest point in many years.

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Many bank branches and sub-branches in Beijing indicated that they no longer have mortgage lines. At the same time, the qualification review is becoming more and more stringent. Some banks said that if customers have not paid off consumer loans or credit loans, it may affect the amount of mortgage approval or even fail the approval. The extension of the approval time and the extension of the loan period will directly affect the enthusiasm of home buyers, and even some home buyers temporarily “lost” their loan qualifications, basically limiting more than half of the demand for home purchases.

Commentator Wen Xiaogang believes that the CCP may control second-hand housing loans to squeeze people to buy new houses. Because now many real estate companies in mainland China are burdened with huge debts and their financing channels are restricted. They can only rely on the withdrawal of funds from selling houses. But now the market is not good and houses are not selling well. Now we control second-hand housing loans so that people can buy new houses and take orders from real estate companies. .

Not only is the second-hand housing market cooling in Beijing, but the new housing market is also underperforming.

The marketing of a certain project in Shunyi District revealed to the Beijing Business Daily: “Our online signing in July was still very good, but it was dropped in August, and it became more serious in September.”

Zhang Dawei said that the Beijing property market has clearly entered a downward channel. We must be wary of price wars following the rapid market downward adjustment. According to the current situation, most companies have little enthusiasm for the second round of centralized land supply. The market has cooled down in an all-round way, and the pressure on the corporate capital chain is increasing. Under this circumstance, the possibility of price wars for some new projects entering the market cannot be ruled out.

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Editor in charge: Li Muen#

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