According to data released by the National Bureau of Statistics on October 18, in September, the month-on-month decline in the sales price of commercial housing in 70 large and medium-sized cities generally stabilized and the year-on-year decline expanded. The results of the questionnaire survey show that since late September, the real estate market has increased confidence and expectations have improved.
The month-on-month decline in the sales price of commercial residential buildings has generally stabilized
According to data from the National Bureau of Statistics, in September, the sales price of newly built commercial residential buildings in first-tier cities fell by 0.5% month-on-month, an increase of 0.2 percentage points from the previous month. Among them, Beijing, Guangzhou and Shenzhen fell by 0.7%, 0.9% and 1.0% respectively, and Shanghai rose by 0.6%. The sales price of newly built commercial residential buildings in second-tier cities fell by 0.7% month-on-month, the same rate of decline as the previous month. The sales price of newly built commercial residential buildings in third-tier cities fell by 0.7% month-on-month, 0.1 percentage points narrower than the previous month.
In terms of second-hand housing, in September, the sales price of second-hand housing in first-tier cities fell by 1.2% month-on-month, an increase of 0.3 percentage points from the previous month, of which Beijing, Shanghai, Guangzhou and Shenzhen fell by 1.3%, 1.2%, 1.1% and 1.3% respectively. Second-hand residential sales prices in second-tier cities fell by 0.9% month-on-month, 0.1 percentage points narrower than the previous month. Second-hand residential sales prices in third-tier cities fell 0.9% month-on-month, the same rate of decline as the previous month.
From the perspective of the number of cities where housing prices rise and fall, in September, the number of cities where the sales prices of newly built commercial housing and second-hand housing rose and fell month-on-month in 70 large and medium-sized cities did not change much compared with August, of which 66 cities saw a month-on-month decline in the price of new commercial housing, a decrease of 1 from the previous month.
Source: National Bureau of Statistics
The National Bureau of Statistics also released the results of a monthly housing price survey conducted in late September in 70 large and medium-sized cities. The results show that 58.3% and 45.4% of the respondents expect the sales prices of newly built commercial housing and second-hand housing to remain stable or increase in the next six months, respectively, an increase of 10.0 and 6.5 percentage points compared with the survey results of the previous month.
Relevant policies have promoted the real estate market to stop falling and stabilize
On the same day, the National Bureau of Statistics released data showing that from January to September, the sales area of newly built commercial housing was 702.84 million square meters, a year-on-year decrease of 17.1%, of which the residential sales area decreased by 19.2%. The sales of newly built commercial buildings were 6,888 billion yuan, down by 22.7 percent, of which residential sales fell by 24.0 percent.
Image source: National Bureau of Statistics
Sheng Laiyun, deputy director of the National Bureau of Statistics, said that the real estate market has continued to adjust in the past two years, so in order to stabilize the real estate market, the central government and local governments have launched a series of policies and measures to stabilize the real estate market and promote the healthy development of the real estate market in the past two years.
"Since September, a series of policy measures introduced by relevant departments have played a positive role in promoting the stabilization of the real estate market and enhanced market confidence." Sheng Laiyun said.
Sheng Laiyun introduced that from January to September, the decline in the scale of real estate development investment was slightly narrower than that from January to August. Whether it is the sales area or the sales amount, although the real estate market is still adjusting, the decline has narrowed.
"The effect of real estate-related policies is gradually being released, promoting real estate to move towards the direction of stopping the decline and stabilizing." Sheng Laiyun said, "With the introduction and implementation of the package of real estate policies, we are optimistic about the real estate market in the later stage. Judging from the recent changes in the expectations of real estate practitioners and the actual transactions during the National Day holiday, there is reason to be optimistic about the follow-up real estate market. ”