2016-05-23

Price Follows Volume: Beijing Home Prices Stabilize in May, Expected to Drop in June or July

iFeng: 北京楼市持续降温 业内预计房价或迎拐点
我爱我家 vice president Hu Jinghui, analysis, changes in house prices generally lag changes in trading volume than 3 months, beginning in early March to reduce the actual trading volume Beijing property market is now showing momentum stop rising, the market has been cooling owners began to affect pricing.

(Reporter Cao Zheng) With the shrinking housing demand, reducing the actual property market trading volume, following the April Beijing property market finished lower trading volume, early May Beijing trading volume of new and existing homes continued to cool, prices stop rising momentum appeared to stabilize.

我爱我家 data center display, early May (1-20 days) Beijing city of new commodity housing (excluding affordable housing) total net signed 5130 sets, down by 33.8% over the same period in April, transactions are price of 32,800 yuan / square meter, essentially flat with the same period in April.

In early May, Beijing city's second-hand housing a total net signed 14202 units, compared with the same period in April decreased by 16%; the average transaction price of about 43,000 yuan / square meter, compared with the same period last month was essentially flat.

我爱我家 vice president Hu Jinghui, analysis, changes in house prices generally lag changes in trading volume by 3 months, beginning in early March to reduce the actual trading volume Beijing property market is now showing price momentum stop rising, the market has been cooling, began to affect the owner pricing from about 80 percent setting high prices to currently less than 50 percent, a large part of the total price of housing units has emerged falling price phenomenon. With the Beijing property market entered a new cooling cycle, it is expected in June and July, the Beijing housing prices or will usher inflection point.

No comments:

Post a Comment