Warming consensus high inventories of the property market in China cities face adjustment

So far this year, according to Xinhua, Central and local governments have introduced policies to promote housing consumption. First-tier cities and some significant price rise in hot housing market in second-tier cities, and some three or four lines, especially West of the city, northeast of the city, market reaction is lagging behind. Experts believe that warming of the current real estate market has formed a consensus, but warmer lasts remains to be seen.

Last year "9.30" policy and earlier this year "3.30" policy, effectively reducing the purchase threshold of first set and improving demand, brings a turnover of stage rally. National Bureau of the latest data show that 1-in April, fell 4.8% the national home sales area, narrowed the decline than the 1 – March 4.4%. Sales fell 3.1%, decline narrowed 6.2%. Sales fell less than the sales decline, which means that compared with the same period last year, prices in the recovery as a whole.

I love my Albert Hu Jinghui, Deputy Chief of the group agree that, at present, under the influence of good in all respects, Beijing new-home market prices in the coming months there will be structural. As housing transactions, large transactions accounted for a very high expected second-hand house prices will continue to rise in the future.

Meanwhile, first-tier cities property market has attracted investor interest to become more active, Shanghai price, January-May in more than 100,000 houses sold more than 60 sets of pre-sale permit in Shenzhen last month made "Nakasu Central apartment" top the record price of 376,000 yuan/square meter, after he was interviewed by the authorities, price is still up to 176,500 Yuan/square meter.

"Some three or four cities blindly for the past few years to develop some housing products are low quality and homogenization of serious problems, housing consumption after the return to reason, this part of the House there is little human interest. Some cities are now under construction in remains large, can't keep up-selling inventory increase the speed and pressure does not fall but rise in stock. "Deputy says Hu Zhigang, President of the China real estate Association, the urban real estate market is facing structural adjustment.

(Editors: UN625)
2015-06-07 04:57:02
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