(Beijing Comprehensive News) The Chinese real estate market is entering a new stage of difficulty.Data show that the demand for buying houses across China is weakening, but the number of second -hand housing listings is surging, and it is dragging down housing prices to continue to fall.
According to the Wall Street Journal, the short -term warming momentum that China's real estate sales appeared in early 2023 were not strong.Recently, the transaction volume of major cities including Shanghai, including Shanghai, has declined, and housing prices in most cities are also falling.
At the same time, more and more homeowners have listed their houses for sale, and promoted the increase in new second -hand housing listings for several years.
According to the data of the Shanghai Yiju Real Estate Research Institute, in 13 major cities including Shanghai, Beijing, Guangzhou and Hangzhou, the number of second -hand housing listing in May increased by 25%from December last year.82%, 72%in Wuhan.
This growth means that the Chinese economy has begun to normalize after more than two years of epidemic prevention and control.The people re -start planning to get married, have children or relocate, so they must sell the house.
However, some sellers admit that they sell houses because they are facing financial pressure or losing confidence in the market, hoping to get off the real estate before the property market becomes worse.
Analysts warn that if too many homeowners sell their houses at the same time, they may exacerbate the problem of excess supply, bringing a new round of downward pressure to China's house prices and damage to the already fragile market confidence.
The chief Chinese economist Pang Yan of the China Economist and the chief Chinese economist judged that when the situation of housing excessive demand deteriorated, house prices would definitely be under pressure.He said, "Everyone is waiting for house prices to bottom out."
A householder in Qingdao, Shandong said that she had to significantly reduce the asking price many times before, and finally found a buyer in early June.Her house was originally listed at about 910,000 yuan (RMB, the same, the same, S $ 170,000), but in the end it was only about 700,000 yuan.
According to data from the online real estate platform Zhuge, the average price of second -hand housing in 100 key cities in China has fallen by 0.7%in the past year.
Chinese local governments have taken measures to support house prices in the past year, including prohibiting housing companies from providing large discounts.At present, a tug -of -war between buyers who are expected to fall in house prices and discounted sellers.
Weak demand is one of the main factors that lead to the decline in China's real estate transaction volume.According to data from Rong data suppliers, the sales of new houses in 30 major cities in China in May this year have fallen to approximately 77%of the 2019 level.
Pang Ye believes that the decline in house prices may also shrink the transaction volume, because to a certain extent, many homeowners are not ready to accept the loss.
In addition to housing prices in the market, rents in first -tier cities in China have not increased.
According to Caixin.com, June and July are the traditional Chinese graduation season. Generally, a large number of graduates have poured into first -tier cities to work and live, so that the amount of rent and price of rent has risen.
However, the data of Zhuge Data Research Center shows that the average rent of first -tier cities in June this year was 88.15 yuan per square meter per month, down 0.29%month -on -month.
It is reported that the poor employment situation this year has led to insufficient rental power, and the high pressure of living cost in first -tier cities has also forced graduates to turn to second -tier cities or return home.
In addition, the increase in supply housing in affordable rental housing in the near future is also one of the reasons for the decline in rent.
