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In August, house prices in Guangzhou and Shenzhen rose 0.2% month on month

August 70 city house price data is fresh!

On September 17, the National Bureau of statistics released the changes in the sales prices of commercial houses in 70 large and medium-sized cities in August 2019.

In August, the price of first-hand houses in Guangzhou increased by 0.2% month on month and 9.4% year-on-year; The month on month price of second-hand houses was the same as that of the previous month, down 2% year-on-year.

House price changes in the four first tier cities of Beijing, Shanghai, Guangzhou and Shenzhen have attracted particular attention.

In terms of new houses, among the four major cities of Beijing, Shanghai, Guangzhou and Shenzhen, Guangzhou and Shenzhen increased by 0.2% month on month, while Shenzhen and Shanghai increased by 0.5% and 0.3% respectively. In terms of year-on-year prices, Guangzhou led Shanghai and Shenzhen by 9.4%, followed by Beijing by 4.8%, Shanghai by 2.2% and Shenzhen by 0.6%.

In terms of second-hand housing, Shenzhen led with an increase of 0.2%, Guangzhou and Shanghai were flat month on month, and Beijing fell 0.4% month on month. In terms of year-on-year prices, Guangzhou fell 2% year-on-year, Beijing fell 0.9%, Shenzhen rose 1.7% and Shanghai rose 0.3%.

In this regard, Liu Jianwei, Senior Statistician of the city Department of the National Bureau of statistics, interpreted it.

1、 The month on month and year-on-year increases in the sales prices of new commercial houses and second-hand houses in the first and second tier cities were the same as or down from the previous month

On July 30, the central government once again stressed the position that houses are used for living, not for speculation, required the implementation of the long-term real estate management mechanism, and proposed not to use real estate as a means to stimulate the economy in the short term. In August, the real estate market generally continued to be stable. According to preliminary estimates, the sales price of newly-built commercial housing in the four first tier cities increased by 0.3% month on month, the same as that in the previous month, including 0.5% in Beijing, 0.3% in Shanghai, and 0.2% in Guangzhou and Shenzhen; It rose 4.2% year-on-year, down 0.1 percentage points from the previous month. The sales price of second-hand houses was flat month on month, up 0.3% last month, of which Beijing decreased by 0.4%, Shanghai and Guangzhou were flat, and Shenzhen increased by 0.2%; It decreased by 0.2% year-on-year, the first decline since June last year. The sales prices of new commercial houses and second-hand houses in 31 second tier cities increased by 0.5% and 0.2% respectively month on month, down 0.2 percentage points from the previous month; Up 9.9% and 5.5% respectively year-on-year, down 0.8 and 1.2 percentage points respectively from the previous month.

2、 The sales price of newly-built commercial houses in the third tier cities increased month on month, with a slight increase in second-hand houses; Year on year growth fell

According to preliminary estimates, in August, the sales price of new commercial houses in 35 third tier cities increased by 0.7% month on month, the same as that of the previous month; It rose 9.0% year-on-year, down 1.2 percentage points from the previous month. The sales price of second-hand houses increased by 0.8% month on month, an increase of 0.1 percentage points over the previous month; It rose 5.8% year-on-year, down 1.3 percentage points from the previous month.

Yan Yuejin, research director of the think tank center of E-House Research Institute, analyzed that the phenomenon of increasing the number of cooling cities fully illustrates the characteristics of the current second-hand housing market, that is, the market has entered the off-season and there is insufficient demand for house purchase, which will lead to the second-hand housing landlords to reduce the listing price, and the actual transaction price will also fall.

Yan Yuejin also mentioned that from the month on month increase data of second-hand housing price index in first, second and third tier cities in August, they were - 0.1%, 0.2% and 0.3% respectively. From such month on month growth data, compared with the data in July, the three types of cities have cooled down. Among them, the price increase of second-hand housing in second tier cities is the lowest in the last 18 months, which also shows that the second-hand housing market is also facing pressure due to the cooling of first-hand housing. From the actual observation, the control of school district houses in provincial capitals is relatively strict recently, which makes the cooling of some school district houses with the attribute of second-hand houses more obvious, and the house prices further stabilize.