Second-hand housing transactions in Shanghai and Beijing fell sharply

2023-05-12 15:15:36

With the rapid release of the backlog of demand in the early stage, the momentum of home buyers entering the market in April was insufficient, and the activity of second-hand housing in various cities generally declined.

After

experiencing the high turnover of "Jinsan", the second-hand housing market in many cities has fallen sharply in "Yinsi". Open data show that in April, 17334 sets of second-hand housing transactions in Shanghai, down 26.71%; 13997 sets of second-hand housing online signatures in Beijing, down 37.3%; 5883 sets of second-hand housing transactions in Hangzhou, down 32.7%; 11318 sets of second-hand housing transactions in Nanjing, down 13%; Second-hand housing turnover in Hefei was 2127 units, down 40% from the previous month. In terms of

price, according to the monitoring data of Zhuge Data Research Center, the average price of second-hand housing market in 100 key cities in April was 15662 yuan per square meter, down 0.15% from the previous month, an increase of 0.05 percentage points from the previous month, a decrease of 0.4% from the previous month, an increase of 0.13 percentage points from the previous month.

"In the first quarter, the backlog of demand in the early stage was released centrally, and some of the demand for school purchases was released. The second-hand housing market in hot cities rose rapidly, and the turnover was at a high level in the same period since 2019.". In April, affected by the continued rise in listing volume, second-hand housing prices were under pressure, and prices in most cities fell annually.

On May 10, Chen Wenjing, Director of Market Research of China Research Institute, told Daily Economic News in an interview WeChat that the urban differentiation of the second-hand housing market is more obvious, and the prices of second-hand housing in four first-tier cities are rising annually, showing relatively stable performance; Second-hand housing prices in second-tier cities and third-tier and fourth-tier cities fell by 0.18% and 0.22% respectively, weakening the price performance.

Chen Wenjing pointed out that with the rapid release of the backlog of demand in the early stage, the momentum of home buyers entering the market in April was insufficient, and the activity of second-hand housing in various cities generally declined. Overall, the decline in the volume of second-hand housing transactions in April, on the one hand, is affected by seasonal factors, on the other hand, is also a normal decline under the high base driven by the backlog of demand.

At the same time, the enthusiasm of home buyers is equally intuitive in data performance. 58 Anjuke statistics show that in April, the demand for second-hand housing in 40 cities across the country dropped considerably, with a demand index of 0.65, down 16.7% from last month.

"Under the support of a series of favorable policies for the new housing market, such as the continuous guarantee of delivery and the purchase of new housing only by old housing tickets, the second-hand housing market is relatively cold." 58 Lu Qilin, research director of Anjuke Research Institute, said that the second-hand housing market prosperity index showed a significant downward trend in April, and has fallen to the critical value of cold and frozen, mainly due to insufficient demand.

Judging the trend of the property market, can not only look at the "ring ratio"

in April, the volume of second-hand housing transactions is normal?

"It is generally believed in the industry that the monthly trading volume of 15000 sets is a baseline, below which the market is cold." Lu Wenxi, a real estate analyst in Shanghai Central Plains, said that after comparison, it was found that the volume of transactions in April was actually in the normal range.

Reporters found that many self-Media numbers drew conclusions such as "slump" and "slump" based on ring-to-ring data, but neglected that the property market in Shanghai in March was relatively active, with the volume of transactions reaching 24000 units, the highest in 19 months. If we take March as the base to compare, it naturally appears that there is a big gap.

"I have worked in the intermediary industry for 11 years, and it is normal for the property market to have short-term fluctuations." Pan Xuelian, senior shop director of Shanghai Zhongyuan Real Estate Century Garden Branch, believes that the cooling of second-hand housing transactions in April is a rational callback of the market. According to Yang Yulei, chief analyst of

Shanghai Chain Research Institute, there are two reasons for the fall. First, the purchasing power accumulated at the beginning of this year has been fully released. Second, April is interspersed with the Tomb Sweeping Day holiday and the May Day holiday. If the holiday factors are excluded, the number of chains in Shanghai is still stable.

"Affected by the environment, market expectations have not rebounded significantly, and buyers are more rational in making choices." Li Xiaogan, head of Shanghai Zhongyuan Real Estate Store, said. Its stores completed four single second-hand housing transactions in April, all of which belong to replacement transactions with self-occupied demand. "Two of them are'small for big ', the owner originally lived near Huamu Road, but the family population increased, so he decided to change a more spacious house nearby.". There are also two children who need to settle down with a degree, and their parents have changed their houses to the vicinity of Huamu Road. He said.

Second-hand housing market will develop

steadily, wheat field real estate data show that after the rapid rise in February and March, the second-hand housing market in Beijing returned to rationality in April. According to statistics from the official website of the Beijing Housing and Construction Commission, as of April 26, 12101 second-hand housing units were sold in Beijing in April, up 1.1% year-on-year and down 26.2% year-on-year. Second-hand housing turnover is expected to be around 14000 units in April, which is basically the same as the same period last year.

The personage inside course of study expresses, compare with March photograph, Beijing secondhand room turnover glides nearly 30 into, because of "Xiaoyangchun" later, demand is normal drop; 2 it is this year "Xiaoyangchun" earlier period backlog buys a house demand is more, turnover achieves new high in recent years, make April turnover callback is more apparent. In terms of

price, wheat field real estate data monitoring shows that the average listing price of second-hand housing in Beijing remained stable in April, and the overall expectations of owners for the market are relatively stable. However, the bargaining space of second-hand housing in April increased by 0.23 percentage points compared with that in March. For some owners who are anxious to clinch a deal, they are willing to exchange more price concessions for a deal in April.

In April, the number of second-hand housing listings continued to increase. Wheat field real estate data monitoring shows that the number of second-hand housing listings in Beijing increased by 4.5% in April. Although the number of newly listed houses has decreased compared with last month, the growth rate of the total number of houses sold has remained high due to the slowdown in transactions. In terms of

policy, although Beijing launched the "transfer with mortgage" of stock housing transactions at the end of March, and revealed in April that Fangshan will pilot the "one district, one policy" regulatory policy, these policies have no significant impact on buyers and sellers for the time being. After entering April, the mentality of buyers is more stable, with the continuous increase in the number of listings, owners need reasonable pricing to speed up the transaction. On the whole, the second-hand housing market in Beijing is expected to maintain steady development in May on the premise that the policy remains stable.

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Correlation

With the rapid release of the backlog of demand in the early stage, the momentum of home buyers entering the market in April was insufficient, and the activity of second-hand housing in various cities generally declined.

2023-05-12 15:15:36

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