House price differentiation is becoming increasingly evident, the third round of rescue policy is brewing

House price differentiation is becoming increasingly evident The third round of rescue policy is brewing
stable growth, regional differentiation will become the new normal for the future development of real estate
This reporter Li Muzi
The National Bureau of Statistics released in January 70 large and medium-sized cities housing price index shows that the national property market differentiation further intensified. House prices in first-tier cities initially showed a steady trend, second-tier cities house prices fell month-on-month overall average, but the decline slowly narrowed;
year-on-year, data released by the National Bureau of Statistics showed that house prices in 70 large and medium-sized cities continued to decline in January 2015, affected by a higher base in the same period last year. In 70 large and medium-sized cities, the price of new commercial housing rose year-on-year in only one city, second-hand housing prices rose year-on-year in only three cities, and new commercial housing and second-hand housing prices increased year-on-year overall average decline compared with the previous month.
continued decline in house prices has not stimulated buyers' expectations. According to the latest statistics from the Central Plains Real Estate Research Center, the total number of residential contracts in 54 major cities nationwide was 246,600 in January 2015, down 22.6% from 318.7 million in December last year.
In January 2015, the property market appeared "volume prices fell", in response to this situation, Zhongyuan Real Estate Chief Analyst Zhang Dawei in an interview with Securities Daily, said that this year's real estate policy will continue to go to the administrative, heavy market regulation and control ideas, and is expected to be in the sales tax collection, some first-tier cities to limit purchase and other links to further liberalize, the third round of rescue policy is brewing, local governments may introduce tax relief, housing subsidies and other rescue policies.Zhang Xu,
chain home real estate market research department in an interview with securities daily, said that recent market research in Beijing shows that some areas of the owners for the future market expectations are relatively high, so that the price will further decline, individual transaction hot spots even appeared owners to cover the sale situation.
"from the '930' central bank rescue to the latest reduction, each policy adjustment is in the direction of loosening part of the demand for housing, the slow and orderly release of demand makes Beijing's second-hand housing market show a steady rise in the situation. Zhang Xu said that this kind of regulation for specific buyers more effectively maintained a steady recovery of the property market, she expects similar regulatory measures in the future will increase, after the festival there is a steady upward trend in the market or will continue.
Zhang Dawei believes that China's real estate market is also expected to return to rationality and enter a period of steady growth as the economy enters the "new normal" as the macro-economy carries down-the-bottom pressure. Basic market-oriented factors such as supply and demand, credit environment and municipal planning will become the dominant factors affecting future market trends, and steady growth and regional differentiation will become the new normal for the future development of real estate.