City house prices drop for two months of destocking is still housing the melody | | price _ in the property market news

China News Agency, Beijing, July 1 (reporter Pang Mowgli) appeared in May for the first time in two years, "from up to down" after the transition, in June China city home prices continued their decline, and an enlarged decline. The China index Academy ("finger"), 1st published data and expected destocking continues as the property market this year "theme".

1st released data showing the middle finger, in June 2014, China's 100 key monitored cities (new) housing 10923 Yuan per square metre average price per cent last month, down 0.5%. This was the City house prices in May were mixed after the turn, fell for a second month in a row, and an enlarged 0.18%.

City house prices last "positive and negative transitions" took place in June 2012, at the time, hundreds of city "negative to positive" and wander in the upstream channel for nearly two years at a time.

Apart from the price continues to fall, but also significantly expanded the scope of the city in June were down this year. Hundreds of cities, prices fell 71 cities, 29 cities rose. Falling house prices city 9 increase from last month, rising 8 fewer cities.

In addition, from the ten cities of the past two years, prices have risen faster, ten, including Beijing, Shanghai, Guangzhou and other cities in 9 cities prices falling, the average price fell 0.45%.

Engaged in second-hand house trading intermediary broker Li Qingying, reversal of the property market than the impact of changes in numbers is more direct.

When in an interview with news service reporters, he worked in Beijing said Li Qingying HomeLink real estate last year, quit his job to go to the real estate industry was going to "spell, make a bundle". Did not expect this market came to a standstill, "for a month I was really feeling it anymore".

Traffic reduction, declining performance are the common feelings of many real estate brokers, and turnover of more than one-fifth lets the former hot industry a bit less attractive. Li Qingying told reporters that many colleagues are of the same stores because of poor performance have been laid off or demoted, "almost one out of three people left."

This spread to the property market "icy currents", how long it will last, centaline property's Chief Analyst Zhang Dawei said in March this year, "Indian summer" in vain, in April sold a further cooling of the property market, the traditional "red May" have not been able to reproduce in June and continued calm is expected to market in the second quarter will continue to hover in the low season.

Experts pointed out that the real estate market "cool down" mainly by local oversupply, tightening of credit, look the expected influence of dominance. Once the credit loosening, the property market was likely to rebound, but continued tightening, property prices will accelerate downward.

Reliance on land sales by local governments, housing "cool down" led to "sell" the declining incomes, fiscal tightening, "rescue the market" initiative may be more and more. Hohhot, Inner Mongolia autonomous region recently in high inventory of hidden worries, first to lift ban on "sales" policies. Industry is expected, a move that could become China's property market to cancel "restriction" the first Domino.

Middle finger expects destocking will remain as property of the year's "theme". The country continue gradual downward trend in prices will be volatile, different cities, the housing market will continue to differentiate the inventories are continuing high urban prices will be under further downward pressure. (End)

(Original title: City house prices drop for two months of destocking is still housing "theme")

(Edit: SN123)
12:18 on July 01, 2014 China News Network