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Don't count on China to stablize the world economy - a new high in the number of cities with reduced home prices in 2019 - December 16, 2019

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  • Don't count on China to stablize the world economy - a new high in the number of cities with reduced home prices in 2019 - December 16, 2019

    National housing prices in cities decrease for six consecutive months

    News Huashang - China Daily Author: Lee Cheng 2019-12-16 15:41:06

    [Abstract] The data released by the National Bureau of Statistics on December 16 shows that of the 70 large and medium-sized cities nationwide in November, the prices of newly-built commercial housing in 44 cities increased month-on-month, and decreased by 6 from October. New home prices in Xi'an have narrowed, and second-hand home prices have fallen for three consecutive months.
      According to data released by the National Bureau of Statistics on December 16, the prices of newly-built commercial housing in 44 cities among the 70 large and medium-sized cities nationwide increased in November, a decrease of 6 from October. New home prices in Xi'an have narrowed, and second-hand home prices have fallen for three consecutive months.

      "Leader" and "Leader" are the capitals of Northwest China

      Near the end of the year, the cooling of the real estate market was reflected in housing prices. According to the National Bureau of Statistics, among the 70 large and medium-sized cities in November, 44 cities increased their new home prices month-on-month, a decrease of 6 compared to October, and the number of rising cities decreased for 6 consecutive months. It hit a new high in the number of cities with reduced prices during the year.

      The cities with the largest price increases and the largest decreases in November came from the northwest. Among them, Tangshan and Yinchuan led the rise in housing prices in 70 cities, with an increase of 1.9%. The city with the largest decline in new homes was Urumqi, which fell 0.9 percentage points from the previous month.

      Zhuge Finding Housing Data Research Center believes that the number of cities with rising housing prices continues to decrease, mainly due to the near end of the year, in order to speed up sales and withdraw funds, housing companies have cut prices to promote sales, and the price reduction has deepened, making new commercial housing Sales prices have fallen overall and more cities have joined the decline.

      According to the National Bureau of Statistics, the increase in sales prices of new commercial residential buildings in 31 second-tier cities and 35 third-tier cities has all declined. However, the price of new homes in first-tier cities is affected by the transaction structure, and sales prices have rebounded. In November, the sales prices of newly built commercial houses in the four first-tier cities of Beijing, Shanghai, Guangzhou and Shenzhen rose by 0.6% month-on-month, an increase of 0.5 percentage points over October. Among them, Beijing's new house prices rose 1.7% month-on-month, ranking second in the country.

      New home prices in Xi'an narrowed, second-hand housing declines widened

      In November, the price of newly-built commercial houses in Xi'an rose by 0.7% month-on-month, which was 0.2 percentage point smaller than the increase in October.

      Xia Qiang, a researcher at the Institute of Real Estate Research at Zhejiang University, said that Xi'an's house prices have basically remained stable in recent months. With the regulatory policies in effect, it is expected that this trend will continue for some time to come, and it is necessary to pay attention to changes in volume. The change in housing prices is the result of the combined effects of market supply and demand and policies. At present, no stimulus factors have been seen to stimulate price changes.

      According to the statistics of Meicheng Agency, in November this year, Xi'an residential intent registration platform had 40 real estate registrations, an increase of 21 projects over October, but the number of registered people was 18,505, a decrease of 2% from October. Due to the relatively large number of registered persons in some projects, the polarization of the intention to purchase a house is more obvious.

      In addition, the sales price of second-hand housing in Xi'an dropped by 0.8% month-on-month in November, the third consecutive month of decline. The prices of second-hand houses in Xi'an in September and October decreased by 0.6% and 0.7% respectively, and decreased by 0.8% month-on-month in November, an increase from the previous two months. According to statistics from Zhuge for housing, Xi'an's average listing price and listing volume of second-hand houses in November both declined.

      In late November, the Xi'an Real Estate Transaction Management Center fully implemented the "House Intermediate Service Contract" and listing work of brokerage agencies; on December 13, the Xi'an Housing and Construction Bureau issued a public request for "Xi'an Commercial Housing Pre-sale Fund Supervision and Management Measures ( (Draft for Solicitation of Opinions) ", intending to deposit the purchase price to the special account for supervision. The outside world believes that the norms and supervision of Xi'an real estate market transactions are constantly being strengthened, and it is expected that it will play a positive role in stabilizing the housing market and housing prices.

    hzhttp://news.hsw.cn/system/2019/1216/1138310.shtml
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