Xinhua Finance and economics, Beijing, February 1 – according to the official wechat of China Index Research Institute on the 1st, according to the survey data of new and second-hand houses in 100 cities across the country by the 100 city price index of China’s real estate index system, in January 2022, the average price of new houses in 100 cities was 16179 yuan / m2, down 0.01% month on month, 0.01% lower than that in the previous month, and the price has fallen for three consecutive times month on month; It rose 2.06% year-on-year, 0.38 percentage points lower than that of the previous month.
According to the data, in January 2022, the average price of second-hand houses in Baicheng was 15987 yuan / m2, down 0.08% month on month, 0.01 percentage point lower than that of the previous month, and the price has fallen for four consecutive months; It rose 2.86% year-on-year, 0.41 percentage points lower than that of the previous month.
In terms of newly-built housing, house prices fell month on month in January, a total of 46 cities, down 12 from the previous month; In terms of second-hand housing, 65 cities fell month on month, and the number of declining cities decreased by 6 compared with the previous month. In January 2022, the prices of new houses and second-hand houses fell month on month in 30 cities, down 14 from the previous month. Among them, the prices of new houses and second-hand houses in 13 cities fell for three consecutive months.
From the perspective of transaction scale, the overall national market is still relatively depressed. In terms of new housing, the overall promotion volume of key cities has dropped. In January, except that the transaction scale of Shanghai new housing market has rebounded, the market performance of most cities is relatively cold, and the price preference of some projects has weakened this month after preferential promotion and price for volume at the end of last year. In terms of second-hand housing, the market as a whole maintained a cold trend. Except that the trading volume of second-hand housing in Hangzhou and Beijing stabilized, the trading volume of second-hand housing in most other cities remained low.
In terms of urban agglomeration, in January 2022, the price of new houses in Beijing, Tianjin, Hebei and the Pearl River Delta increased slightly month on month. The price of new houses in Beijing, Tianjin and Hebei rose slightly by 0.05% month on month. Driven by the entry of some projects higher than the average price of the city in Beijing, the house price stopped falling and turned up month on month; Zhangjiakou new house prices ended the downward trend and rose slightly month on month. The price of new houses in the Pearl River Delta rose 0.01% month on month, 0.04 percentage points lower than that of the previous month. The price of new houses in Shandong Peninsula and Yangtze River Delta continued to fall. The price of new houses in Shandong Peninsula fell by 0.01% month on month, and the new house market in Jinan and Qingdao remained depressed. The price of new houses in the Yangtze River Delta fell by 0.03% month on month, an increase of 0.02 percentage points over the previous month. The price of 11 cities in the region fell month on month. The structural decline of house prices in Shanghai was driven by the entry of some projects lower than the average price of cities.
In January 2022, the central and local real estate policy environment continued to improve. The National Conference on housing and urban and rural construction was held, emphasizing maintaining the continuity and stability of regulatory policies and enhancing the coordination and accuracy of regulatory policies; The national development and Reform Commission emphasizes supporting the commercial housing market to better meet the reasonable housing needs of buyers and promote the healthy development of housing consumption; Subsequently, the national interbank lending center announced that the quoted market interest rate (LPR) of loans with a term of more than 5 years was reduced by 5 basis points. At the local level, Beihai, Ningbo, Nanning, Qingdao, Jinan and Zigong have introduced new housing provident fund policies, including reducing the proportion of down payment, increasing the maximum amount of provident fund loans, relaxing the conditions of provident fund loans and optimizing non local loans, reducing the threshold and cost of residents’ house purchase funds, promoting the release of house purchase demand and alleviating the downward pressure on the local property market; Kunming and Yulin issued policies on house purchase subsidies; Hainan, Zhongshan, Jiaxing, Zibo and other provinces and cities relax or release the settlement restrictions.
Looking ahead, the China Index Research Institute said that the real estate regulation of the central and local governments will further highlight the policy goal of stabilizing the real estate market and support the commercial housing market to better meet the reasonable housing needs of buyers. In the short term, it is expected that more cities will follow the relevant policies to support the demand for house purchase in and out of Taiwan, so as to alleviate the downward pressure on the local real estate market. However, considering the time lag effect of policy transmission to the market, the wait-and-see market sentiment is still strong, and the market performance of most cities may still be depressed in February.
