The policy effect gradually showed that the sales price of 70 cities in May in May slowed down from the previous month.

Author:Securities daily Time:2022.06.17

Reporter Meng Ke

On June 16, the State Bureau of Statistics announced the statistical data of the sales price of commercial housing in May. The Chief Statistical Division of the National Bureau of Statistics, Cornsonia, said that in May 2022, the sales price of commercial housing in 70 large and medium -sized cities continued to decline from the previous month. The sales prices of commercial housing in second -tier and third -tier cities have declined or expanded, and the number of cities decreased year -on -year.

Data show that in May, of 70 large and medium cities, the sales prices of newly -built commercial housing decreased by 43 cities month -on -month, which was 43 decreased than last month. From the perspective of various cities, in May, the sales prices of new commercial housing in first -tier cities rose 0.4%month -on -month, an increase of 0.2 percentage points from the previous month; second -tier cities decreased by 0.1%month -on -month, and the decrease was the same as last month; third -tier cities decreased by 0.3%from the previous month. The drop is narrowed by 0.3 percentage points than last month.

In May, of the 70 large and medium cities, the sales prices of second -hand residential houses decreased 53 cities month -on -month, an increase of 3 over the previous month. From the perspective of various cities, in May, the sales price of second -hand housing in first -tier cities rose 0.4%from the previous month to the same; second -tier cities decreased by 0.3%month -on -month, and the decrease was the same as last month. Expand 0.2 percentage points.

"The first -tier, second -tier, and third -tier cities newly -built commercial housing housing prices have shown a positive sign of expanding or narrowing from last month, indicating that the effect of the previous rounds of policies has gradually appeared." Chen Xiao told the Securities Daily reporter.

Chen Xiao further stated that overall, the performance of new commercial housing is better than second -hand houses. The previous rounds of policies are mainly concentrated in the new housing market, which is of great significance to boosting the new housing market. The second -hand housing market that can truly reflect the market has not yet obvious signs of recovery. From the perspective of various cities, the price increase in Chengdu's new houses and second -hand housing led again, continuing the double list of last month.

In May, the property market regulation and control policy continued to deepen. According to data from Zhuge Housing Data Research Center, as of May 31, the local regulation policies have been introduced over 220 times during the year, of which 99 regulation policies have been introduced in May.

"Not only that, the credit side also ushered in a new favorable good. On May 15th, the central bank's differentiated credit policy allowed the interest rate of the first house in various places to decrease by 20 basis points. After a lapse of five days, the 5 -year LPR decreased by 15 basis points, which means mortgage mortgage in various places. The minimum interest rate can be reduced to 4.25%. "Chen Xiao said.

58 Zhang Bo, president of the Branch of Anju House Real Estate Research Institute, told a reporter from the Securities Daily that although house prices have continued to decline, the decline has slowed down, and the number of newly -built commercial housing has decreased from the previous month. The market is already in the rise of the bottom -up recovery, and confidence is in the process of continuous recovery. The trading market of the first and second -tier hot cities is ushered in a new round of recovery under the policy effect. Driven by the trend of recovery, it is expected to gradually usher in a rebound in batches.

Looking forward to the market outlook, Chen Xiao believes that although the restoration of the market has not yet reached the expectations, an active signal of adjustment has appeared. It is expected that the intensity of the property market regulation and control policy will be further expanded. In June, it will become an important time node, which indicates the direction of the second half of the year to a certain extent.

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