[NTDTV, Beijing time, May 23, 2022]Although the CCP authorities have relaxed thereal estateHowever, the latest statistics still show a strong downward signal: in April, housing prices in 70 large and medium-sized cities fell for the first time in more than six years. Scholars believe that China’s overall economic environment is deteriorating, and the CCP’s series of rescue policies have been difficult to restore public confidence and prevent the overall housing price decline. On May 18, the National Bureau of Statistics of the Communist Party of China released the latest nationalCommercial residential buildingsChanges in sales prices.
Data show that in April, 70 large and medium-sized citiesnew house priceIt fell 0.1% year-on-year. This is the first time since December 2015 that the price of new houses has fallen year-on-year for the first time in more than six years.
in,new house priceThere were 39 cities with a year-on-year decrease, an increase of 10 from the previous month; 56 cities saw a year-on-year decrease in second-hand housing, an increase of 9 from the previous month.
The number of cities in which the prices of new and second-hand houses dropped month-on-month also reached 47 and 50, an increase of 9 and 5 from the previous month, respectively.
Yan Yuejin, research director of the Think Tank Center of the E-House Research Institute, told mainland media that this is a signal of an inflection point in housing prices.
Shi Huawei, former financial planner of Guangzhou Bank of Communications: “There has been a very obvious one before, that is, the volume of transactions in major cities has dropped a lot. So in fact, the inflection point that we are talking about now is actually not a problem of inflection points. , but it is already a downward trend.”
Data show that from January to April this year, residential sales area fell by 25.4% compared with the same period last year, while sales fell by 32.2%.
Among them, residential sales in a single month in April fell by 49% to the lowest level since the end of 2015.
During the “May 1st Golden Week”, real estate companies actively marketed and pushed the market.Among the top 30 developers, more than half of them have launched regional and group-level discounts and promotions, such as Country Garden’s “minimum 55% discount”; Evergrande’s tens of thousands of discounted existing and off-plan properties “25% to 15% discount”, etc.real estateThe trading market still failed to usher in a significant increase in trading volume.
The performance of Shanghai, which was strictly locked down, was even more appalling. During the May 1st period, only 74 new houses were sold, down nearly 94% from the same period last year. There has also been a phenomenon of cessation of supply and abandonment.
Video: “I’m sorry, I really can’t bear it because of the epidemic. We don’t want the house. We decided to leave the city of Shanghai.”
Xie Tian, a professor at the Aiken School of Business at the University of South Carolina in the United States, said that under the multiple blows of the epidemic, economic downturn and regulation, housing supply cuts have occurred frequently since this year, but they have been covered up by the CCP.
Xie Tian, a professor at the Aiken School of Business at the University of South Carolina, said: “If everyone knows that so many people have given up their houses, if there are, then the magnitude of this next downturn may be even greater. Because people When they see the price falling, most of them will adopt a wait-and-see attitude, that is, they are worried that the price will continue to fall.
To save the continuing downturnproperty marketThe CCP has also relaxed a number of policies recently.
Statistics from the Centaline Real Estate Research Institute show that May is not over yet, and 40 cities have released stableproperty marketpolicy. So far this year, more than 130 cities have proposed policies to save the housing market, including first-tier cities such as Chengdu, Dongguan, Nanjing, and Shenyang.
Relevant policies include reducing down payment, increasing the amount of provident fund loans, canceling sales restrictions, relaxing purchase restrictions, etc. Hangzhou and other cities have also increased the purchase qualifications of three-child families.
In addition, the Central Bank of the Communist Party of China and the China Banking and Insurance Regulatory Commission also announced on the 15th that they will lower the lower limit of the first-home mortgage interest rate by 0.2 percentage points.
However, Kerui, a real estate big data application service provider, believes that the authorities have limited bailout effects, and it will be difficult to reverse the continued downward trend of the market in the short term.
Shi Huawei, former financial planner of Guangzhou Bank of Communications: “Your policy is a policy, but as a whole, your demand is already declining. If you issue a policy, it seems that my purchasing power has decreased, and my willingness to buy has also decreased. , then what other stimulus methods you use will not have much impact on that. With China’s GDP and many other indicators in the downward trend, it is impossible to say that your real estate has any good changes. “
The downturn in the property market has also led to real estate developers, who already have a tight capital chain, whose sales have shrunk sharply, and they are in a dilemma of repayment.
In the first four months of this year, the sales of the top 100 real estate companies fell by 50.2% year-on-year. There are only 3 real estate companies with sales exceeding 100 billion yuan, a decrease of 2/3 compared with 9 companies in the same period last year.
Editor/Interview with Li Mingfei/Luo Ya Post-production/Wang Mingyu
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