Guangdong in May before the sale of commercial residential buildings by 51.6% year-on-year house prices rose by 4%
By June 14, according to Xinhua News, Wen Wei Po in Hong Kong, Guangdong in the policy effects of the real estate market and the combined effect of market demand, the consumer confidence has been restored, the volume of the real estate market priceƫɽsituation. Prior to May, sales of residential real estate rose 51.6 percent, prices rose 4%.
The market also led to an increase in consumption in Guangdong personal growth of residential mortgage loans. According to the Guangzhou Branch of the People’s Bank said that after the Chinese New Year demand in rigid step-by-step release and the stimulation of multiple policies, to Guangzhou, Guangdong, and Shenzhen-based real estate market volume and priceƫɽsituation, pushing up housing mortgage loans since the beginning of the rise in March, May, Guangdong Add RMB 21.2 billion of housing mortgage loans, a record single month since 2006, the highest value by 19.4 billion more than the same period last year.
People in the industry said that the current real estate market in Guangdong is the restoration of consumer confidence, real estate market that is warmer. Data show that in May the former real estate sales in Guangdong grew 47.1%, domestic sales of goods grew 51.6 percent year-on-year. Prior to May, real estate sales in Guangdong rose 3.7% year-on-year average, compared with the first quarter average price was up 1%, while sales of commercial housing price, it was up 4% year-on-year compared with the first quarter rose 2%. Among them, Shenzhen in May before the primary area of commodity housing transactions up 153%.
It is worth noting that investment in real estate development by the downturn, the financial services industry in Guangdong in May on the real estate developer and long-term loans over the previous month reduced by 19 billion yuan, up by 2.1 billion less. Statistics show, 1 ?? 4 on investment in real estate development in Guangdong is still negative growth, indicating some developers are still waiting to see on the market, the sales would return the funds back bank loans.
There are people in the industry believe that the economy of mainland China has to improve the current trends, will support the development of the real estate market. At present, the Canton real estate market significantly reduced inventory levels, as the stock continued to digest, the real estate market will have the opportunity to gradual recovery.
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