In early May, the property market around the collective rebound in Beijing or the price of the same

China Paint Network
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with the introduction of the "3.30" New Deal, the property market around the beginning of a gradual recovery. And as the property market's traditional sales season in May, but also a happy performance. Especially in a first-tier city like Beijing, the possibility of volume and house prices rising in line is very high. Overall market recovery According to data provided by institutions, in early May, the country's major 54 cities signed a total of 71,485 residential units, up 11.6% from 64.33 million units the previous month, the overall market growth significantly increased. By city, first-tier cities rose 7.3% month-on-month in April, while second-tier cities rose 16.5%, while third-tier cities fell. In this regard, Zhongyuan Real Estate chief analyst Zhang Dawei believes that the property market in May can be said to have been clear, the market in May will certainly be better than in April, first- and second-tier cities have seen a trend of rising prices. And after the central bank announced another interest rate cut on May 10, the overall market is expected to continue to heat up, China's real estate market is expected to gradually emerge from the downturn in the second- and third quarters. However, the division between cities will become more serious, especially the third- and fourth-tier real estate market bleak reality, resulting in the real estate market is unlikely to erupt in full. Beijing or the price of specific cities, last week Beijing property market transactions, although down from the end of last month, but the overall still at a high level. A total of 5,120 homes were sold, up 81.95 per cent from a year earlier and 23.91 per cent from the same period last month. Second-hand homes signed up to 3,500 units last week, up 30 percent from the same period last month. New home signings also reached 1,620, up 11.88 percent from the same period last month. "In terms of supply, the total number of residential units supplied in the first four months of 2015 was only 8,494, down from 20,567 in the same period in 2014. At the same time, Beijing commercial housing residential inventory continued to decline, compared to the mid-December 2014 95,000 units of new residential inventory, the current number of units available for sale in Beijing has been reduced to 78,000 units, and it can be expected that the future supply of commercial housing in Beijing will become more and more high-end, in this case, the saleable commercial housing digestion, Beijing housing prices continue to rise very likely. According to Zhang Dawei's analysis, "From April 2013 to the end of April 2015, Beijing supplied a total of 113 parcels containing residential land, with a total construction area of 20.46 million square meters." Of these 20.46 million square meters, only 13.5 million square meters are residential land, and about 8 million square meters are self-housing and various types of affordable housing. The actual commercial housing residential land in the last two years only supply of about 5.5 million square meters. Conversion into commercial housing only about 45,000 units, only enough for Beijing's history of the worst deal digestion. At the current market supply ratio, most of these homes will be built into mid- to high-end properties to obtain a market premium." Zhang Dawei said that the current Beijing second-hand housing prices are expected to rise steadily is very strong. The state of the housing market rebound in the second-hand housing market more prominent, "3.30" New Deal full moon, Beijing sales of listed housing supply decreased slightly month-on-month, the emergence of owners to sell, while generally raising listing prices. Overall, Beijing's housing market as a whole showed a steady upward trend, with the gradual implementation of various policies to promote the property market and the monetary environment continued to ease, the enthusiasm of home buyers to enter the market will be improved. Recent interest rate cuts continue to improve the property market, further pull just need to enter the market, while easing the pressure on developers, capital costs fell, developers will also increase the enthusiasm to take land.