Summary
[Golden week property market transactions fell by 30%]Centaline Real Estate data show that the overall market new transactions on the 7th day of National Day in most cities are the lowest in many years, and second-hand housing transactions in first-tier cities are close to zero. The long-term third- and fourth-tier return home purchases that occurred in previous years did not appear during the National Day in 2021, and the accelerated discounts in third- and fourth-tier cities began to appear obvious. CREIS also showed that from October 1st to 7th, the transaction area of newly-built commercial residential buildings in the key monitored cities dropped by 33% compared with the same period last year. Buyers were not willing to buy homes. The market sentiment continued the wait-and-see situation in September. Among them, the transaction volume in the first-tier cities was basically the same year-on-year, and the representative cities of the second-tier, third- and fourth-tier cities fell by more than 40%. (Gelonghui)
Centaline Real Estate data shows that the overall market new transaction volume on the 7th day of National Day in most cities is the lowest in many years, and second-hand housing transactions in first-tier cities are close to zero. The long-term third- and fourth-tier return home purchases that occurred in previous years did not appear during the National Day in 2021, and the accelerated discounts in third- and fourth-tier cities began to appear obvious. CREIS also showed that from October 1st to 7th, the transaction area of newly-built commercial residential buildings in the key monitored cities dropped by 33% compared with the same period last year. Buyers were not willing to buy homes. The market sentiment continued the wait-and-see situation in September. Among them, the transaction volume in the first-tier cities was basically the same year-on-year, and the representative cities of the second-tier, third- and fourth-tier cities fell by more than 40%.
(Source: Gelonghui)
.