Home » The sales price of commercial residential buildings fell slightly in October, and the long-term mechanism of the real estate market continued to improve

The sales price of commercial residential buildings fell slightly in October, and the long-term mechanism of the real estate market continued to improve

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The sales price of commercial housing fell slightly in October
Continuous improvement of the long-term mechanism of the real estate market

Beijing, November 15 (Reporter Kang Shu) The National Bureau of Statistics released on the 15th the changes in the sales prices of commercial residential buildings in 70 large and medium-sized cities in October. According to Sheng Guoqing, chief statistician of the City Department of the National Bureau of Statistics, in October, the sales prices of commercial residential buildings in 70 large and medium-sized cities continued to decline slightly from the previous month, and the year-on-year increase continued to fall.

According to Sheng National Day, the sales prices of newly-built commercial housing and second-hand housing in various tier cities have shown a slight decrease from the previous month. According to estimates, in October, the sales price of newly built commercial residential buildings in first-tier cities remained flat month-on-month. Among them, Beijing and Shanghai rose by 0.6% and 0.1% respectively, while Guangzhou and Shenzhen fell by 0.3% and 0.2% respectively. The sales price of second-hand housing in first-tier cities fell by 0.4% month-on-month, the same as last month. Among them, Beijing, Shanghai, Guangzhou and Shenzhen fell 0.5%, 0.4%, 0.6% and 0.2% respectively. The sales price of newly-built commercial housing in second-tier cities fell from the same level last month to a decrease of 0.2%; the sales price of second-hand housing fell by 0.3% from the previous month, and the rate of decline was 0.2% larger than the previous month. The sales price of newly-built commercial housing and the sales price of second-hand housing in third-tier cities both fell by 0.3% month-on-month, and the rate of decline was an increase of 0.1 percentage points from the previous month.

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According to Sheng Guoqing, the sales prices of newly-built commercial housing and second-hand housing in various tier cities continued to decline year-on-year. According to estimates, in October, the sales prices of newly-built commercial housing and second-hand housing in first-tier cities rose by 5.0% and 6.7% year-on-year, respectively, and the increase was 0.3 and 1.0 percentage points lower than the previous month. The sales prices of new commercial housing and second-hand housing in second-tier cities increased by 3.7% and 2.5% year-on-year, respectively, and the increase was 0.4 and 0.5 percentage points lower than the previous month. The sales prices of newly-built commercial housing and second-hand housing in third-tier cities rose by 1.8% and 1.0% year-on-year, respectively, and the increase was down 0.5 and 0.4 percentage points from the previous month.

The reporter combed and found that among the 70 large and medium-sized cities, 13 cities where the sales price of newly-built commercial housing increased compared with the previous month, 5 cities remained flat, and 52 cities decreased. In terms of second-hand housing, 4 cities have experienced price increases compared with the previous month, 2 cities have remained flat, and 64 cities have experienced declines.

Regarding the relationship between the real estate market and consumption, the spokesperson of the National Bureau of Statistics Fu Linghui said on the 15th that since this year, the long-term mechanism of the real estate market has been continuously improved. Various departments have continued to stabilize land prices, house prices, and expectations, and the real estate market has remained stable overall. develop. “We see that the sales area of ​​commercial housing in the first 10 months is still expanding, and the two-year average growth rate will drive related consumption growth.” Fu Linghui said.

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The real estate financial policy has a significant impact on the real estate market. Regarding the real estate market, the financial sector has continued to speak out in recent days. The central bank stated that it is necessary to maintain the stable and healthy development of the real estate market. In addition, we must adhere to a prudent monetary policy, do a good job of cross-cycle design, and make overall consideration of policy convergence for this year and the next to better support the recovery of consumption and investment, curb excessive price increases, and promote high-quality economic and social development. The China Banking and Insurance Regulatory Commission emphasized that it is necessary to stabilize land prices, house prices, and expectations, curb the tendency of real estate financialization to bubble, improve the long-term mechanism of real estate regulation, and promote the stable and healthy development of the real estate industry. This shows that the main tone of financial policy in the real estate market will be stability.

From the statistical data, at present, housing prices have a certain downward trend. Since the second half of the year, banks have insufficient mortgage loans available for purchases, resulting in fewer home buyers. Many real estate companies implemented price reduction promotions in exchange for increased sales due to operating pressure. With regard to second-hand homes, buyers have a strong wait-and-see mood, and many second-hand homeowners have also lowered their selling prices.

Since the beginning of this year, many cities have issued “restriction orders” for housing prices, and many cities require real estate companies to sell at a certain percentage of the registered price. The main reason for the “restriction order” issued by various localities is to avoid an excessively rapid decline in housing prices. “Stable” should become the main tone of the property market. To promote the stable and healthy development of the real estate market, we should further stabilize land prices, house prices, and stabilize expectations, which will not only curb the real estate bubble, but also prevent large ups and downs.

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