China's housing prices continued to fall in November, the sales prices of commercial housing in first -tier cities fell year -on -year, and the decline in second- and third -tier cities slowed down year -on -year.
According to Bloomberg report, data released by the National Bureau of Statistics of China on Thursday (15th) show that the prices of newly -built commercial housing in 70 large and medium cities decreased by 0.25%month -on -month, which narrowed from 0.37%in October.The price of second -hand houses fell by 0.44%, slightly lower than 0.47%a month ago.
Decision makers announced a comprehensive plan for the rescue real estate industry last month, mainly focusing on the supply side and alleviating developers' financing problems.The decline in price is considered to be the key to reviving the demand for buying a house and the unprecedented real estate market.
Yang Kewei, the chief analyst of the real estate service provider Ke Rui Rui, said before the data was announced that the policy Qiangxin needle has not worked in the real estate market.Buyers need time to restore the confidence of developers, and the residential market may not go out of the trough until the second quarter of next year.
The transactions of the real estate market in November were influenced by the outbreak of the outbreak of big cities, and many places have taken measures and other measures.The government's zero -tolerance policies have subsequently turned rapidly. Although economic activities are expected to rise from this, the epidemic may also spread further.
The Bloomberg industry research analyst Kong Lingyi and others wrote in the report: "In the next few months, the decline in the price of new houses may be difficult to reverse. Therefore, Chinese home buyers will continue to wait and see in early 2023."
