[Epoch Times December 16, 2021](Epoch Times reporter Liu Yi comprehensive report) On December 15th, the National Bureau of Statistics of the Communist Party of China released the mainland China‘s “November 70 large and medium-sized cities commodity housing sales price changes”, showing that mainland housing prices Still falling.
The data shows that for newly built commercial housing, the sales prices in first-tier cities were the same month-on-month; sales prices in second-tier cities fell 0.4% month-on-month, and the decline expanded 0.2 percentage points month-on-month; sales prices in third-tier cities fell 0.3% month-on-month, the same rate of decline as in September.
In terms of second-hand housing, the sales price of first-tier cities fell by 0.2% month-on-month, and the rate of decline narrowed by 0.2% month-on-month; the sales prices of second- and third-tier cities fell by 0.4% month-on-month, and the rate of decline both expanded by 0.1% month-on-month.
In November, the number of cities where the price of newly-built commercial housing increased was nine, a decrease of four from October; the number of cities where the price of new houses decreased increased from 52 in October to 59.
The number of cities where the price of second-hand housing has risen decreased from four to three. According to statistics from Centaline Real Estate Research Center, this is the month in which the price of second-hand housing has risen the least in cities since February 2015.
The mainland self-media “Finance Vernacular” stated in an article on December 15 that the average sales price of commercial housing nationwide in November was 9,597 yuan (RMB, the same below) per square meter, which continued to fall from 9,749 yuan per square meter in October. , The month-on-month decline was 1.56%.
The “financial vernacular” said that although credit has begun to return to normal, the debt status of most real estate companies has not fundamentally changed, so discounts and promotions in most cities remain, which is a huge downward momentum.
Looking at second-hand housing data that can more truly reflect the level of housing prices in a city, the prices of second-hand housing in 22 cities have returned to three years ago. They are (decreased from large to small): Mudanjiang, Nanchong, Anqing, Taiyuan, Shijiazhuang, Harbin, Guiyang, Beihai, Jinzhou, Yueyang, Yichang, Changde, Hohhot, Jilin, Changchun, Dali, Zunyi, Luzhou, Qinhuangdao, Xiangyang, Zhengzhou, Jinan.
Caixin.com reported on the 16th that starting from August this year, the overall level of housing prices in mainland China has turned from rising to falling, and prices have further bottomed out in November. In November, the decline in housing prices in first-tier cities narrowed, and the decline in second- and third-tier cities continued to expand. Xu Xiaole, chief market analyst at the Shell Research Institute, said that the cities where housing price declines continue to expand are mainly weak second-tier and third- and fourth-tier cities. The overall demand for home purchases in these cities is weak, and it is expected that the market will need more time to bottom out and improve. In comparison, the decline in second-hand housing prices in a few large and medium-sized cities such as Beijing, Shanghai and Hangzhou narrowed first.
Editor in charge: Lin Congwen