Beijing Housing Market Decelerating

It appears the housing market in Beijing peaked after Spring Festival, with April showing a clear change in trend.

January to April this year, Beijing commercial residential new construction area of ​​2.502 million square meters, down 18.4%; residential sales area of ​​2.302 million square meters, down 8.0%. Meanwhile, in the first quarter, second-hand housing transactions continued to hit the beginning of April "fever."

Beijing Municipal Bureau of Statistics, National Bureau of Investigation Corps Beijing released on the 16th showed that from January to April this year, the Beijing real estate development investment of 94.76 billion yuan (RMB, the same below), down 3.1%, a decline in the first quarter expanded 1 percentage point. Beijing commercial residential new construction area of ​​2.502 million square meters, down 18.4%; commercial housing sales area of ​​2.302 million square meters, down 8.0%. To the end of April, Beijing commercial housing construction area of ​​50.793 million square meters, down 5.6%; commercial housing for sale area of ​​9.099 million square meters, an increase of 9.2%.

Beijing commercial housing market, "back" situation continued, while in the first quarter of this year continued to hit the second-hand housing transactions, in April a "fever" signs. According to the Beijing Municipal Commission of Housing and Urban-Rural Development announced in January this year, Beijing second-hand housing net signed amounted to 24312 units in February, second-hand housing net signed volume of 15,149 units in March increased to 32009 units, up 111.3 percent. In April, Beijing second-hand residential net signed volume 26374 units, a decline of 17.6%.

Analysis of the industry, in 2015 Beijing second-hand housing market continues to heat up in the stimulation of a series of favorable policies, especially after last October, the stock market further capital inflows pushed up the market, and has been extended to 2016 after the Spring Festival. However, due to high demand in the early to get a large release, coupled with continued reduction potential market demand is expected to post net signed scale will continue to fall.

iFeng: 北京前四个月商品销售下降 二手房4月退烧