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Winter in the property market? The number of cities where house prices fell in 100 cities increased, and second-hand house prices in Shenzhen fell the most month-on-month, and the average price of new houses in many provincial capitals was less than 10,000 per flat

author:Securities Times

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The number of cities where house prices fell in 100 cities increased.

According to data from the Middle Finger Research Institute, in December 2021, the average price of new and second-hand houses in 100 cities across the country fell month-on-month, and the number of falling cities increased. Among them, the average price of second-hand houses has expanded, and among the top ten cities, the average price of second-hand houses in Shenzhen has fallen the most. In addition, the average price of new houses in Shenyang Changchun, Harbin and other provincial capitals is less than 10,000 yuan per square meter.

Industry insiders believe that due to the superposition of policies such as "second-hand housing transaction reference price", the second-hand housing market in Shenzhen continues to be sluggish, and the market has entered a stage of deep adjustment. Looking forward to 2022, under the guidance of the positioning of "housing and not speculation" and the realization of the "three stability" goal, local governments are expected to further implement the "city policy", and some cities where the market cools down too quickly may accelerate the introduction of support policies.

The number of cities where house prices fell in 100 cities increased

The prices of new and second-hand houses in 100 cities continue to fall.

According to data from the Middle Finger Research Institute, in December 2021, the average price of new houses in 100 cities across the country was 16,200 yuan / square meter, down 0.02% month-on-month, a decline of 0.02 percentage points narrower than in November; the average price of second-hand houses was 16,000 yuan / square meter, down 0.09% month-on-month, and the decline was 0.01 percentage points wider than in November.

Judging from the number of cities that have risen or fallen, the number of cities where house prices have fallen has increased. In terms of new housing, 39 cities rose month-on-month, 58 cities fell month-on-month, 3 cities were unchanged from the previous month, and the number of falling cities increased by 5 compared with November. In terms of second-hand housing, 27 cities rose month-on-month, 71 cities fell month-on-month, 2 cities were the same as last month, and the number of falling cities increased by 3 compared with November.

The Middle Finger Research Institute pointed out that in terms of new housing prices, except for the slight increase in the Pearl River Delta, the house prices in the remaining major urban agglomerations fell month-on-month. Specifically, Xuzhou, Yangzhou and Changsha rose by 0.79%, 0.76% and 0.51% respectively; Langfang fell sharply from 0.76% month-on-month; Taiyuan and Sanya all fell by 0.69% month-on-month.

In terms of second-hand housing prices, the Yangtze River Delta urban agglomeration has recovered from the decline to the rise of kunshan, Hangzhou and other cities, and other major urban agglomerations have continued to decline. Specifically, 6 cities such as Quanzhou and Kunshan rose by more than 0.5% month-on-month, of which Quanzhou was the highest at 0.82%; Nantong and Xiangtan fell by more than 1.0% month-on-month; and 17 cities such as Baoding and Tangshan fell between 0.5% (inclusive) and 1.0%.

Shenzhen second-hand house prices fell the most month-on-month

Judging from the housing prices of the top ten cities, the data of the Middle Finger Research Institute shows that in December 2021, the average price of new houses in the ten major cities was 29,300 yuan / square meter, down 0.04% month-on-month, and the decline was narrowed by 0.03 percentage points compared with November; the average price of second-hand houses was 40,000 yuan / square meter, up 0.09% month-on-month, compared with November.

Specifically, in terms of new housing, the average price of Guangzhou and Wuhan rose by 0.38% and 0.16% respectively; Chongqing (the main urban area), Tianjin, Shenzhen and Nanjing all rose by 0.1% (inclusive) month-on-month, of which Shenzhen and Nanjing had the smallest increase, both 0.05%. Among the falling cities, Shanghai fell by 0.17% month-on-month; Chengdu, Hangzhou and Beijing all fell within 0.1%, of which Beijing fell by 0.03% month-on-month, the smallest decline.

In terms of second-hand housing, Hangzhou rose the most, up 0.57% month-on-month; followed by Nanjing, up 0.49% month-on-month; Guangzhou, Beijing and Shanghai all rose between 0.1% and 0.3% month-on-month. Among the falling cities, Shenzhen fell the most, down 0.38% month-on-month, followed by Chengdu, down 0.32% month-on-month; Tianjin, Wuhan and Chongqing (the main urban area) all fell within 0.1% month-on-month.

For the biggest reason for the decline in second-hand house prices in Shenzhen, the Middle Finger Research Institute said in an interview with the Securities Times reporter that due to the superposition of policies such as "second-hand housing transaction reference price", the second-hand housing market in Shenzhen continued to be sluggish, and the market entered a stage of deep adjustment. In 2021, in addition to the brief recovery in November, the transaction volume of second-hand houses in Shenzhen continued to decline in other months, indicating that buyers have insufficient confidence in entering the market, the market wait-and-see sentiment is still heavy, the pressure of further downward adjustment of prices is greater, and the price of second-hand houses in Shenzhen fell further in December.

The average price of new houses in the capital cities of the northeast province is less than 10,000

From the perspective of 100 cities across the country, in December 2021, there are 50 new houses with an average price of less than 10,000 yuan per square meter, including many provincial capitals, such as Changsha 9314 yuan / square meter, Hohhot 8660 yuan / square meter, Lanzhou 9183 yuan / square meter, Urumqi 8199 yuan / square meter, especially the capital cities of the three northeastern provinces are less than 10,000 yuan, of which Harbin is 9660 yuan / square meter, Changchun is 9218 yuan / square meter, Shenyang is 9998 yuan / square meter.

Previously, E-House Real Estate Research Institute analyzed the real estate market in 31 provinces across the country, and a number of real estate-related indicators showed that Heilongjiang and Jilin generally faced greater downward pressure, of which Heilongjiang house prices fell the most, at 10%; Jilin house prices fell by 7%, ranking second with Qinghai.

In order to boost market confidence, Jilin recently proposed a housing purchase support policy at the provincial level. On December 22, 2021, the official website of the Jilin Provincial Development and Reform Commission released the transcript of the press conference of the Provincial Party Committee Economic Work Conference. In the transcript, Li Guoqiang, director of the Jilin Provincial Development and Reform Commission, said that next year, it is necessary to promote the operation of the real estate market to be more stable, including encouraging and guiding cities and counties to carry out housing subsidies and loan discounts to support farmers to buy houses in the city; Changchun City has implemented the settlement fee for key college graduates and the subsidy policy for national-level leading talents, improved the subsidy standard for farmers entering the city, and extended the validity period of relevant support policies to June 30, 2022.

In addition, Harbin and Shenyang have also introduced housing purchase support policies. Among them, Harbin issued a housing subsidy for qualified talents to buy the first suite, up to 100,000 yuan; increase the breadth of the provident fund, and relax the age of the second-hand housing provident fund loan to 30 years. Shenyang increased the amount of housing provident fund loans for talents for the first set of house purchases, and gave the first set of commercial housing talents a housing purchase subsidy.

The Middle Finger Research Institute believes that the short-term property market regulation and control policy or has reached the bottom, in 2022, in adhering to the "housing and not speculation" positioning, to achieve the "three stability" goal, local governments are expected to further implement the "city policy", some cities where the market cools too fast or will accelerate the introduction of support policies.

Editor: Wan Jianyi

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