The Real Estate Marketing

The end of house price rise cycle

The new 2019 has arrived, but the January data has not brought new hope to the real estate market. According to the latest data released by the National Bureau of Statistics, in January, the sales price of new commercial residential buildings in four first-tier cities increased by 0.4% from the previous month, and the sales prices of new commercial residential buildings in 31 second-tier cities rose by 0.7% from the previous month, which was flat compared with the previous month. However, due to the lag of the time of the online signing, the influence of the price limit of major cities, the reference value of the new house market is not large, and the data that can reflect the actual situation of the market is often the second-hand market. Contrary to the increase in the price of new home market,astm a312 pipe the second-hand market has opened the downtrend channel. The sales price of second-hand residential in 0.4 first-tier cities fell by 0.1% from the previous month, with Beijing, Guangzhou and Shenzhen dropping by 0.1%, 0.3% and 0.3% respectively, and Shanghai hods the line. The sales price of 31 second-hand homes of the second-tire countries turn from up to drop, dropping by 0.1%. This is an important observation signal that has continued to rise in housing prices over 45 months and is set to enter the down cycle.

Zhang Dawei, chief analyst of Zhongyuan Real Estate, pointed out that the sales prices of second-hand houses in 31 second-tier cities have dropped, and the first-tier cities have been lowered. This is the first time in nearly 45 months. The current round of real estate market has gradually stopped falling from September 30, 2014, and the policy began to rise on March 30, 2015. This is reflected in the beginning of the housing price index from April 2015, first-tier cities rose, second-tier cities also stabilized. In the first-tier cities, from the leading rise to the leading fall, the rising cycle of the second-tier cities that carry the spillover demand and local purchasing power of the first-tier cities came to the end, which can be combined with the sales performance of the real estate enterprises in January.