Adjustment in Hangzhou Real Estate Market: Number of “10,000 Yuan Houses” has reduced
After Housing Fair in October, Hangzhou Real Estate Market encounters a new round of peak period. However, careful buyers may find that the newly opened houses with “10,000 Yuan Houses” are fewer. Therefore, the prices in Hangzhou falls down now.
Hangzhou Real Estate Agencies sunk into the Sales Quagmire
According to incomplete statistics, during the peak period of this year, the store number of Hangzhou agencies is over 2,000 stores, the registered real estate brokerage firms are about 500. At present, the volume of business fails to support the normal operation. Currently, the number of Hangzhou second-hand stores in real estate market has reduced by half, which closed down about over 1,000 people.
Shanghai Real Estate Market shows the warmer trend
Since the issuance of Shanghai public housing standards on October 31, sales volume of Shanghai commercial housing has a marked increase, which has increased significantly compared with the late October.
Beijing Real Estate Market starts the reduction “veil” of housing prices
Beijing real estate market seeks a new balance in “prices reduction” and “volume for large”, however, the continuously weak status quo in Beijing real estate market and Beijing housing prices make the Beijing property market to gradually reduce the housing prices.
Guangzhou housing prices are higher but the trading volume is lower
However, Guangzhou housing prices are so higher whereas the trading volume is too low. The experts said that the housing prices shall be reduced at one time, otherwise it would be difficult for developers to recover the “winter” of the funds.
Proportion of Supply and Demand in Shanghai Real Estate reaches 3.3:1
When the State Council firstly put forward “reducing housing trade tax and supporting residents to purchase houses”, Shanghai real estate market again fell to the bottom. Last week, the supply of housing increased by 38%, while trading volume fell by 20%, the proportion between supply and demand ratio reached an unprecedented 3.3 to 1.
Slight warm in the Real Estate Market around Yangtze River Delta, but housing prices in Shanghai fell 0.9% in September
According to the data from the Development and Reform Commission that in the center of the Yangtze River Delta, Nanjing and Shanghai in September respectively reduced 2.9% and 0.9% compared with the data in August. Among which, sales price below 90 square meters of new housing fell 6.8% and 0.9 % respectively in Nanjing and Shanghai compared with August.
Housing Prices are expected to rise, but will not have great rebound
Ministry of Finance, State Administration of Taxation, the People’s Bank of China issued a number of real estate control measures, including exemption on trading tax, decline on loan interest, reduction on first payment proportion, etc. However, professionals in Shanghai real estate market research new policies and put forward 14 rules, including adjustment on general housing standard, enhancement on volume of accumulation fund and other measures, which are regarded as the “cardiac” to the market. Actually, its aim is not to increase the housing prices but to enliven the market.
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