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published in(发表于) 2014/7/1 8:24:57
Beijing’s second-hand house prices falling for two consecutive months

Beijing News dispatch (reporter Zhang) the first half of this year, Beijing new volumes to its lowest since 2006. Yesterday, according to Beijing Zhongyuan agencies such as statistics, as of June 29, excluding housing, residential new homes sold in the city in the first half of this year 23163, 2.76 million square metres, the decline in exports is 39%.

　　Multiple factors leading to the property market in the first half on the sidelines

On June 28, the first market owner-occupied housing projects in Beijing bbmg star Court, House started, 1882 Suite began to offer election room. On June 23, bbmg Hui XING Yuan lottery, 3764 families will be divided into regular and alternative groups selected. According to press reports, from June 28 to June 30, regular family has ended select rooms, more than 1500 square suite has subscribed, more than 300 Group regular families to abandon the purchase.

Relative to 3764 House families, bbmg Star Park total number of families through the qualification more, over 165,500. Many shoppers turn to home, become important factors causing decline in property transactions in the first half of this year. Chief Analyst Zhang Dawei that Beijing centaline property, first half of the year from the housing market and tight credit, leading to capital market began to appear on the sidelines.

Shoppers watching leads to lack of demand, coupled with effects of Beijing's strict regulatory policy such as limit orders, housing prices starting this spring to let go. Latest example of this is the first Ivy League opened last weekend, some special houses with 32,000 yuan/square meter price enter the market, and prices per square meter this year the last drop of about million. Dongba, Chaoyang District opened Ivy's plate, there are already multiple allocation from the housing projects, price is 22,000 yuan/square meter.

　Increase supply of new homes will continue to promote housing prices and cheap fast

First half of the year, market volume was sluggish, but the market supply is increased. This has led to rapid increase in inventories of new homes. Before June, Beijing auction house total supply reached 37220, rose 70%. As of yesterday, including auction houses 45098 sets, existing residential 34634 set, the city's housing stock reached 79,700 units. A few days earlier more than 80,000 units, a near 18-month high. This year, after the Spring Festival, Beijing commercial housing inventories have increased by about 25,000 units.

In this context, pushing housing prices began to pick up in the year. According to statistics, July opening nearly 40 projects, including road, great world city, Beijing voted in yintaikun of the Royal House, China Eastern rose and other old and new buildings are expected to enter the market. Analysis of real estate managers ' Union Secretary-General Chen Yunfeng, China, just want real estate will remain cheap and go strategy.

Over the weekend, CAC Group's new projects pick up in Tong Zhou Taihu garden, building to 28800 Yuan/square meter price to launch a hardcover houses that sold out the same day. As in Taihu, the first hardcover price of vanke Park early release of more than 30,000 yuan per square meter, and later changed to rough House is for sale, price of approximately 27,000 yuan/square meter.

According to an industry analysis report, June, Beijing some banks return 85 percent-90 percent preferential interest rate, demand release of this part is good news to rebound in property market turnover.

　Related news

Second-hand house trading volume fell compared with Super 50%

Beijing News dispatch (reporter Fang Wangyang) Beijing Municipal Councils data show that as of June 29, 6140 set of previously owned homes in June turnover of Beijing, fell 4% compared to the previous month, down 30% from a year earlier. In fact, cooling housing market turnover showed from the beginning. Starting from April this year, Beijing's secondary market trading volumes have dropped for three consecutive months.

Noteworthy is that the pre-owned homes overall sold in Beijing in the first half of this year is not optimistic. Beijing construction Commission data show that as of June 29, 2014 pre-owned homes were sold in Beijing in the first half, 43841 sets reduction 54% compared with a year earlier, market volume shrunk to its lowest point since 2009.

"Beijing's secondary property market actually starting from the final quarter of last year, it appeared withered demand and the volume of steadily falling momentum. First half of the year, buyers continue to wait-and-see, making trading volume remained low. Owner-occupied commercial launch in the first half, the financial system continued tightening of mortgage loans for the purchase and demand look, cool the property market as a whole is the root cause. "Cause I love my home, said Hu Jinghui, Deputy Chief of the group.

Turnover slipping while second-hand housing prices fall trends also emerged. According to the HomeLink real estate market research statistics, June pre-owned homes sold in Beijing averaged 27311 Yuan/sq m, fell 4.4%, continuing the housing price decline since May.

HomeLink real estate market research department, Zhang introduced pre-owned homes sold in Beijing in the second quarter of the year averaged 28958 Yuan/sq m, fell 2.8%. Judging from Beijing second-hand house prices so far this year, prices have stopped rising a quarter each month, full-quarter average price up a mere 1.3%. After entering the second quarter, decline in house prices appears, and formed the city's heavy situation.

In the industry's view, the contradiction between relief, is to push prices back down causes. Beijing housing transactions in the range 5%-15% room to negotiate prices, there are some owners by helping buyers who bear some of the taxes in the form of forced closing, secondary market is tilting toward a buyer's market.

Hu Jinghui believes that acceleration of the real property registration process, extensive intervention of owner-occupied housing and affordable housing, as well as supply peaks in the second half brought about by the increased supply of new homes, will lead to future housing prices continues momentum steadily down since the second quarter. Buyers will also get a bigger supply picked space and more room to negotiate prices, suggested demand families have, in the second half of 2014 could be timing out home buyers.

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