According to Bloomberg Society on Monday (June 19), more and more Chinese homeowners believe that real estate can no longer preserve value, and this idea has even put pressure on the real estate market in Shanghai.
The report quoted the data compiled by Central Plains Real Estate that the asking price of the seller in Shanghai has fallen for three consecutive months, falling to the minimum level before China escaped from epidemic prevention and control at the end of last year.
According to the China Economic Observation Report this month, the second -hand housing for sale in Shanghai has surged. In May, the transaction volume in Shanghai was about 16,000 units, a decrease of one -third from March.
Bloomberg interviewed homeowners, real estate agents, and analysts found that the Chinese people are increasingly not believed that real estate is always one of the most secure investment targets in China, which has promoted the downturn in the property market.
A bank practitioner who recently sold a set of apartment in Jing'an District, Shanghai Jing'an District, who recently sold 10 million yuan (S $ 1.88 million), said that he believed that this was the last window cash from the real estate boom.
The data compiled by the China Index Research Institute of Real Estate Research Company shows that the price of second -hand housing in 100 cities in May has recorded at least the largest decline since 2022.
Yan Yuejin, director of research director of the China Research Institute, said that Shanghai is currently the lowest region in the second -hand housing market in China.The supply and demand status of the secondary market has deteriorated nationwide.
Reporting the second -hand housing market in Shenzhen and Hangzhou.Shenzhen homeowners have reduced house prices to the lowest level since October 2016. After a homeowner on the suburbs of Hangzhou could not find a buyer within six months, the asking price would be reduced by 17%.
