In February, house prices in 100 cities stopped falling and turned up month on month, and the prices of second-hand houses in more than half of the cities rose month on month

On March 1, the China Index Research Institute released the report on the price index of 100 cities. The data showed that in February 2022, the prices of new houses and second-hand houses in 100 cities across the country stopped falling and turned up month on month.

According to the data released by the China Index Research Institute, in February 2022, the average price of new houses in 100 cities across the country was 16184 yuan / square meter, and the price of new houses ended the three consecutive declines, rising by 0.03% month on month; It rose 1.89% year-on-year, 0.17 percentage points lower than that of the previous month.

In terms of second-hand housing, the average price of second-hand housing in Baicheng was 16009 yuan / m2. The price of second-hand housing ended its four consecutive declines, with a month on month increase of 0.14%; It rose 2.72% year-on-year, 0.14 percentage points lower than that of the previous month.

The China Index Research Institute believes that the core cities drive the prices of new houses in 100 cities to stop falling and turn up. At the same time, the prices of second-hand houses rose month on month, and the number of cities increased significantly.

In terms of the number of ups and downs, driven by the rise in house prices in core cities such as Guangzhou, Shanghai and Hefei, the new house prices in 100 cities stopped falling and turned up month on month in February, but the new house prices in most cities still showed a downward trend. There were 52 cities where house prices fell in February, an increase of 6 compared with the previous month. In terms of second-hand housing, 54 cities rose month on month in February, an increase of 20 compared with the previous month, and the number of rising cities exceeded half for the first time since September 2021.

According to the data monitored by the China Index Research Institute, the prices of new houses in the Yangtze River Delta and the Pearl River Delta rose month on month. According to the data, in February 2022, the price of new houses in the urban agglomeration of the Yangtze River Delta increased by 0.09% month on month, and the four consecutive declines in house prices ended. The price of new houses in most cities in the region increased month on month, among which the price of new houses in Shanghai, Yangzhou, Zhangjiagang, Taizhou and Kunshan changed from decline to rise month on month; New house prices in Suzhou, Hefei, Changzhou and other cities continued to rise month on month. Specifically, the price of new houses in Shanghai increased by 0.23% month on month; The price of newly-built houses in Yangzhou increased by 0.17% month on month; Zhangjiagang and Changzhou rose 0.05% and 0.44% respectively. In terms of second-hand housing, in February 2022, the price of second-hand housing in the Yangtze River Delta urban agglomeration increased by 0.30% month on month, leading the rise of major urban agglomerations. The second-hand housing price in the Yangtze River Delta has risen for three consecutive months, and the market continues to recover. Second hand housing prices in the Pearl River Delta and Shandong Peninsula Urban Agglomeration stopped falling and turned up month on month, with increases of 0.20% and 0.02% respectively. Second hand housing prices in Beijing Tianjin Hebei Urban Agglomeration fell 0.05% month on month, narrowing the decline.

China Index Research Institute pointed out that in early 2022, under the continuous downward trend of the national property market, the central and local levels frequently released signals to stabilize the property market. In February, the direction of the property market regulation policy continued the previous trend, and the real estate policy environment continued to improve. At the central level, on February 24, the State Information Office held a press conference to promote the high-quality development of housing and urban-rural construction. Wang Menghui, Minister of housing and urban rural development, said that in 2022, we should focus on strengthening the regulation of the real estate market, promoting the structural reform of the housing supply side and implementing urban renewal, so as to play a positive role in stabilizing the macro-economic market. At the local level, Chongqing, Heze, Ganzhou, Nanning, Suzhou, Nanjing and Guangzhou have introduced new real estate policies to reduce the down payment ratio of housing loans or reduce the interest rate of housing loans; Yanji implements full deed tax subsidies for farmers who buy houses in cities; Yunnan, Shaoxing and other provinces and cities have increased efforts to attract talents.

Looking forward to the future, the report of the China Index Research Institute shows that the central and local governments are expected to continue to maintain the continuity and stability of the regulation and control policies of the real estate market, and introduce measures to stabilize the real estate market due to urban implementation policies to help the continuous recovery of confidence in the real estate market. Some local governments may make adjustments in reducing the threshold and cost of residents' house purchase and relaxing the restrictions on Residents' house purchase to promote the full release of reasonable housing demand; At the same time, we will actively improve the construction of housing security system to ensure that residents' basic housing needs are met. The national two sessions will be held soon. It is expected that more cities will stabilize the property market due to urban construction after the two sessions. With the sustained effectiveness of relevant supporting policies for the property market, the national real estate market may gradually stabilize at the bottom. In March, the property market in first tier and some second tier cities is expected to be the first to recover.

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