CCTV News: Since the beginning of this year, due to the influence of a series of real estate adjustment and optimization policies, the real estate market has recovered significantly. Especially since March and April, the real estate market has entered the traditional peak sales season. Various regions and departments have implemented policies according to the city and precisely. The transaction volume in first-tier cities has surged year-on-year, and improvement demand in second-tier cities has exploded, and market activity has continued to increase.
In March, the online signing of new houses in Beijing increased by 111% month-on-month and 36% year-on-year; the online signing of second-hand houses increased by 62% month-on-month and 35% year-on-year. The online signing of new houses in Shenzhen increased by 67.5% month-on-month, 47.2% year-on-year; the online signing of second-hand houses increased by 65.3% month-on-month, 58.3% year-on-year. The number of second-hand residential transactions in Shanghai in the first quarter increased by 45% year-on-year compared with the first quarter of last year, and the registered area of second-hand residential transactions in Guangzhou increased by 26.2% year-on-year.
First-tier cities "lead" the recovery of the property market, and the transaction volume of new and second-hand housing in other cities is also increasing significantly. The number of second-hand houses sold in Hangzhou hit an eight-year high, the area of second-hand houses sold in Chengdu increased by 32.9% year-on-year, and the year-on-year increase in new houses transactions in Ningbo, Hefei and Suzhou exceeded 50%. Industry insiders said that this is due to a series of policies, such as a reduction in down payment ratio, a decline in mortgage interest rates and "old-for-new" discounts, which have lowered the threshold and cost of buying a house and promoted the market to stop falling and stabilize.
In addition, this year, the popularity of the land trading market is also rising. The latest data from the China Index Academy shows that in the first quarter of this year, the transfer fee for residential land in 300 cities reached 0.4 trillion yuan, an increase of 26.5% year-on-year, and the average premium rate reached 13.6%, an increase of 8.1 percentage points from the same period last year.
In April, there were many land auctions in hot first- and second-tier cities such as Beijing, Hangzhou, and Nanjing. The increase in supply of high-quality plots in many places is expected to drive the continued recovery of the real estate market in core cities.
