2015-04-15

Beijing Real Estate Market: Activity Up More Than Prices

More anecdotes and data out of Beijing. A woman and her husband looked for homes during the Qingming Festival. The area she looked at was mostly existing homes. The agency was very busy with people and customers waited a long time before meeting with an agent. While activity picked up, prices did as well, about 5% by her reckoning, which in her opinion is not much and not nearly as much as the increased traffic might suggest.

For the first week of April in Beijing, new home sales climbed 19%, a 191% increase yoy. Existing home sales fell 14% on the week, but are up 39% yoy. Existing home prices over the past 6 days ticked up 1%; prices are down 2.26% yoy.

Overall, the outlook from the industry is generally optimistic and attractive properties are seeing the most pickup in activity. At this point, the data reflects that government policies have moved buyers off the sidelines, but they are taking advantage of mortgage policies and opting for new homes, rather than existing homes.

iFeng: 购房者花了3天看遍了附近楼盘 得出一个结论

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