[January 2022, Map of housing prices in cities in Shandong Province: The sideways trend is obvious, and what is more dangerous than house prices is the sharp decline in transaction volume]
Housing price increases and decreases in various cities (chain-on-month):
1, Qingdao 22963 yuan / m2 ↑ 3.23%
2, Jinan City 16387 yuan / m2 ↑ 0.30%
3, Tai'an City 13282 yuan / m2 ↑ 1.87%
4、 Liaocheng 11690 yuan / m2 ↓ 1.18%
5、 Linyi City 11639 yuan / m2 ↓ 2.76%
6、 Rizhao City 11334 yuan / m2 ↓ 3.95%
7、 Yantai City 11321 yuan / m2 ↓ 1.68%
8、 Jining City 10059 yuan / m2 ↑ 1.82%
9、 Dezhou City 9518 yuan / m2 ↑ 0.33%
10、 Weihai City 9357 yuan / m2 ↓ 4.76%
11、 Zibo City 8609 yuan / m2 ↑ 0.43%
12、 Weifang City 8102 yuan / m2 ↑ 1.22%
13、 Dongying City 7632 yuan / m2 ↓ 2.75%
14、 Zaozhuang City 7534 yuan / m2 ↑ 0.63%
15、 Binzhou City 7435 yuan / m2 ↓ 1.05%
16、 Heze City 6551 yuan / m2 ↑ 0.37%
In the first month of 2022, the fundamentals of the Shandong property market are actually very bleak, in addition to the markets such as Jining and Liaocheng are still relatively stable, although the prices in other major cities have not dropped much, but the transaction volume has fallen sharply, for example, Jinan's transaction volume during the Spring Festival is zero, which is a phenomenon that has never occurred before.
There is no price fluctuation of the transaction volume, it is meaningless, even in the case of the city government secretly adopting a relaxed policy, there is still a situation where the transaction volume is almost waist-cutting, then the future of the Shandong property market will be very dangerous.
The three major cities in Shandong Province: Jinan, Qingdao, Linyi, from October 2021, the transaction volume has fallen in a straight line, although the price has not been significantly reduced, this is because the consensus of the insiders is that even if the price is reduced, it cannot be exchanged for sales, but will make buyers form price reduction expectations.
For the current property grid impasse in Shandong Province, local managers and developers have been helpless, and perhaps the wave of home buyers who disappeared during the Spring Festival of the Year of the Tiger is the result of buyers voting with their feet.