Affected by the return of buyers during the Spring Festival holiday, the trading volume of new houses and second-hand houses in Guangzhou has declined sharply. However, with the gradual improvement of the market atmosphere, the industry expects to reproduce the “little sunny spring” of the traditional real estate market in March.
According to the monitoring data of Guangzhou Zhongyuan research and development department, there were 4517 online signatures of new houses in Guangzhou in February, down 51% month on month and 47% year-on-year. With the exception of Panyu District, the other 10 regions showed a significant decline.
The supply of new residential units in Guangzhou has been suspended for two weeks before the Spring Festival holiday (February 21, 185000 square meters), which has also affected the supply of new residential units.
The overall online signing of second-hand houses also declined significantly month on month. According to the data released by Guangzhou Real Estate Association on the 1st, 4176 second-hand houses were signed online in Guangzhou in February, down 40.46% month on month and 58.78% year-on-year. From the perspective of regional transactions, the online signing area of 11 regions decreased significantly month on month, among which Haizhu District, Tianhe District, Baiyun District, Huangpu District, Panyu District and Huadu District decreased significantly, ranging from 40% to 50%; Yuexiu District, Liwan District, Nansha District, Zengcheng district and Conghua District decreased slightly, but also between 30% and 40%.
According to the transaction data in February, with the end of the Spring Festival holiday and the stimulation of the acceleration of mortgage approval, interest rate and pre-sale certificate approval in the market, the trading volume of the first-hand and second-hand real estate market in Guangzhou increased rapidly as a whole in mid and late February. On the other hand, with the gradual improvement of the market atmosphere, the industry began to look forward to the “little sunny spring” of the transaction in the traditional real estate market in March.
According to the data, in the last weekend of February, eight projects in Guangzhou had opening and pushing actions, and the cumulative pushing volume reached 1000 sets. At the same time, the industry expects that the first batch of centralized land supply in Guangzhou in 2022 will be listed in mid and late March, which will also help to further activate the market.
However, Guangzhou Zhongyuan research and development department believes that due to the strong regulation of the property market in 2021, Guangzhou buyers’ confidence in the property market is still in the recovery stage. Judging from the overall de urbanization of Guangzhou’s new market, the market has not yet recovered completely, and buyers still need more confidence to support them to speed up their entry into the market.
