China, Socionomics, Politics, technical Analysis and more...
Join Twetch for censorship resistant social media powered by Bitcoin...Take Me To The Charts
As the resumption of production and production continues to advance, the real estate market in many places has begun to pick up, but at the same time, the real estate speculation phenomenon in some cities has "exposed to some extent", and many places have continuously fought against the chaos in the property market.
Recently, a 62-city existing home index increase ranking (157 issues) released by a real estate website shows that Dongguan's existing home price increase exceeded Shenzhen for the first time in May, ranking first in the country, and house prices are about to enter the "30,000 yuan era." Afterwards, various real estate agencies and online media relayed it, following the hype.
In response, the Housing and Urban-rural Construction Bureau of Dongguan quickly pointed out that the data was not true. At the same time, the Director of the Housing and Urban-rural Construction Bureau of Dongguan City, He Shaotian, said that he would resolutely fight against the current chaos in the real estate market, severely crack down on squeezing and selling houses, creating a tense atmosphere in housing, and driving up speculation on housing prices to ensure the stability and healthy development of the Dongguan real estate market.
Recently, Nanjing's housing prices have also increased relatively month-on-month. According to the sales price index of newly built commercial housing in 70 cities released by the National Bureau of Statistics on May 18, Nanjing's March house price growth was the 27th in the country, and soared to the first place in April. "Overall, the real estate market in the Yangtze River Delta has taken the lead in the recent upswing, and the property market transactions have generally been good, which has also caused a rebound in housing prices. More importantly, such cities have also recently seen housing grabs and other phenomena." Director Yan Yuejin analyzed and said.
The article concludes:
Regarding the future property market trend, Shen Xin, a researcher at E-House Research Institute, said that after the outbreak of the new coronary pneumonia, some cities have reduced the pre-sale conditions and accelerated the approval of pre-sale certificates. It is expected that the supply will increase in the coming months. In May, transactions in 40 cities have increased year-on-year, and some cities have boomed supply and sales. In June, in order to sprint half-year results, housing companies will accelerate the pace of launching and increase marketing efforts, and there is a high probability that the property market will continue to pick up. However, in the current economic environment and policy environment, most urban property market transactions do not have the conditions for substantial growth.
Housing speculation (as with stock speculation in the U.S.) only needs one economic condition in its favor: credit growth. Current conditions support sustained growth in nominal home prices until they don't.
Schedule for Week of May 5, 2024
-
This will be a very light week for economic data.
*----- Monday, May 6th -----*
2:00 PM: *Senior Loan Officer Opinion Survey on Bank Lending Practices* for...
Australian dollar bear hunting season opens
-
DXY sagged Friday night: AUD is still caught in a neutral wedge but
momentum is higher: CFTC shorts got shot: JPY shorts got shot: Normally,
gold would b...
L’occitane (973 HK) – Call to action
-
Disclaimer: Global Stock Picking uses information sources believed to be
reliable, but their accuracy cannot be guaranteed. The information
contained in th...
Weekly Market Pulse: Be Careful What You Wish For
-
Be careful what you wish for lest it come true! Various of Aesop's Fables
Shinzo Abe was elected to a second term as Japanese Prime Minister in 2012
and la...
BIG PICTURE AGRICULTURE'S LATEST NEWS
-
1. CLICK HERE to view my other site: Agriculture News Daily. 2. CLICK HERE
to view latest tweets from my favorite Ag-related news sources. 3. See news
lin...
A Slow Motion Slide
-
We’ve had quite a weird week – Nasdaq kept selling off to the indifference
of the rest of the world. Nasdaq’s correction reached -11% off the ATH,
while ...
The Oil Refinery Crisis Will Worsen This Winter
-
The Oil Refinery Crisis Will Worsen This Winter Tyler Durden Thu,
12/10/2020 - 20:20
*Authored by Julianne Geiger via OilPrice.com,*
It was only to be ex...
FINTS EVENING HIGHLIGHTS (15 Jun 2016)
-
China’s total debts amounted to 168.5 trillion yuan ($25.6 trillion) at the
end of 2015, equivalent to 249 percent of gross domestic product, Li Yang
an in...
Responses to readers’ questions, and new forecasts
-
[image: Vietnam account set-up]1. The question is: “I got a good run up in
ISJP and was stopped out yesterday-in at 14.23 in august 2012 and out
yesterday ...
No comments:
Post a Comment