[The Epoch Times, July 20, 2022]Mainland China has experienced the impact of the epidemic for two years, and property prices in various places have continued to decline. Real estate data from 70 cities shows that the housing prices in 34 cities including Tangshan are lower than the levels two years ago, the housing prices in 27 cities are lower than the levels three years ago, and the housing prices in six cities including Zhengzhou have fallen back to the levels five years ago.
“First Finance and Economics” reported on July 20 that after comparing the sales price changes of commercial housing in 70 large and medium-sized cities released by the National Bureau of Statistics of the Communist Party of China in June this year and the data of the same period over the past years, it was found that the housing prices in 34 cities, including Tangshan, have already increased. Lower than 2 years ago (June 2020), accounting for nearly half of 70 cities; 27 cities have house prices lower than 3 years ago (June 2019).
Among the 34 cities, the top five decliners were Mudanjiang (down 15.8%), Harbin (down 10.1%), Anqing, Guiyang, and Taiyuan.
Among them, Hebei Tangshan fell 0.8% compared with two years ago. In 2020, Tangshan housing prices once led the country.
Data shows that the second-hand housing prices in 27 cities are lower than 3 years ago, including Qingdao, Jinan, Zhengzhou, Tianjin, Shijiazhuang, Taiyuan, Harbin, Nanchang, Wuhan, Changchun, Hohhot and other central cities.
Mr. Ma, who lives in Zhongyuan District, Zhengzhou City, said that at the end of 2016, his house in Zhongyuan District could be sold for 1 million yuan, and he was ready to sign a contract, but his family did not agree. good sale. “I have regretted it for a long time. Now it is not easy to rent. It has been rented for half a year and it has not been rented out.”
Zhang Bo, Dean of the 58 Anju Room Industry Research Institute, analyzed that housing prices in some third- and fourth-tier cities in Northeast China, North China, and the Midwest have fallen significantly, mainly due to population and talent flow. On the other hand, many third- and fourth-tier cities in the northern region are resource-exhausted cities, with industries relocated and labor force outflowing, which is not enough to support long-term housing prices.
It is not only the third- and fourth-tier cities that have seen housing prices fall, but also some second-tier cities and new first-tier cities with more population inflows. Compared with June 2019, second-hand housing prices in Zhengzhou fell by 6.9%, Guiyang by 11%, Tianjin by 7.1%, Shijiazhuang by 8.8%, Jinan by 5.9%, and Qingdao by 4.8%.
Zhang Bo said that the fundamentals of some central cities are good, and there is no lack of development potential and motivation. However, due to the excessive supply of land and too many land sales in the past few years, the oversupply is obvious, so the demand is also overdrawn. Especially in a new part of the city, the supply is too large, and now it takes a long time to digest the existing inventory.
It is worth noting that there are 6 cities below the level of the same period five years ago (June 2017), namely Mudanjiang, Zhengzhou, Anqing, Shijiazhuang, Tianjin and Zhanjiang. Among them, Mudanjiang is 14.7% lower than 5 years ago, and Zhengzhou is 8.4% lower than 5 years ago.
Since last year, many places in the mainland have relaxed their housing purchase policies, and many cities have intensively introduced a variety of new stimulus policies.
Responsible editor: Fang Xiao#