On 1 march, the chinese institute of indexing studies published data on 100 city house prices in february, which increased by 0. 6 per cent in the average urban residential price ratio, 5. 25 per cent in the same year, double the ring and seven months in a row, and double the increase. For the first time in a single month, chinashan and suzhou saw an increase beyond shenzhen, and in february, the prices of houses in fujian, xiamen and quan provinces, among the top three cities, fell。
The number of cities rising and falling shows that 61 of the country's 100 cities rose, 38 fell and 1 remained flat. Among them, the top 10 cities were nakayama, suzhou, shenzhen, joohai, dongqiao, kunshan, xuzhou, chai fat, sun-ray and jiang ying。
In addition, the average cost of housing in 10 major cities (new construction) in beijing and shanghai was 20842 yuan/m2, an increase of 0. 51 per cent in the ring ratio, a decrease of 0. 03 per cent compared with the previous month; an increase of 9. 94 per cent over the same period, an increase of 0. 75 per cent over the previous month。
Price levels of new housing in 100 cities in the country (data source: china institute of indexation)
Price levels of new dwellings in 10 major cities (new ones) (source: china institute of indexes)
Blue house network journalists noted that in february, in the ranks of the 100-city new residential price index, the value of houses fell in february in fuku and xiamen. Of these, the average price of dwellings in fukuzhou was $12008/m2,243/m2, or 0. 90 per cent, or 7450/m2, or 0. 94 per cent.
Comparison of price trends for new housing in fukuya and xiamen (data source: china institute of indexation)
As can be seen from the historical trend in the price of new dwellings in bifo and xiamen counties, since 2013 the price of new houses in fuku and xiamen has continued to increase, while the price of new dwellings in fuku and huamen city experienced a historic “fifty-fifth fall” in february 2008 at the level of $12008/m2. It is worth noting that the last time the housing price was below this level was $11,670/m2 in october 2010, i. E., the house price in fuzhou returned to its level five years ago。
House prices in fuzhou were “15 declines” (source: china index institute)
In addition, it was noted in the report that the traditional marketing season was about to begin with a combination of down payment and tax reduction policies, while local policies were gradually being implemented, and the market was expected to show a double supply and demand boom。
On the evening of 29 february, the central bank announced that, as of 1 march 2016, a general reduction of 0. 5 per cent in the reserves of the rmb deposits of financial institutions would be made to maintain a reasonably adequate liquidity in the financial system, to guide the smooth and moderate growth of monetary credit and to create an appropriate monetary and financial environment for supply-side structural reforms. It's the first time the central bank has fallen! Reduction of 0. 5 percentage points in the reserve for deposit
In response, it was pointed out that while central banks were not targeted at real estate, real estate was affected disproportionately, especially in front-line cities. Indigestion of real estate inventory requires significant liquidity, leading to improvements in the real estate market by further improving market liquidity and more directly reducing financing costs through targeting。
The blue room reporter cited differences between agencies in comparison of the january 2016 housing price data in fukushima due to differences in the way prices are calculated, sample monitoring indicators, statistical time and sample coverage:
Analysis of housing price data in fukushima by data agencies in january 2016
Blue house reporters cautioned that the true level of housing prices in the region should not be studied solely on the basis of data, but on the basis of agency data. Overall, the statistical methodology of the national statistical office is relatively more scientific and more reflective of the changes in the domestic real estate market, while high and low housing prices in the regions suggest that the main reference value is data from local research institutions。
Note: samples monitored by the “100-city price index” include commercial dwellings, villas, and secure housing. 100 cities were monitored on a full sample basis, and all the premises under sale that had been licensed by the government were included in the calculation. The sample covers urban areas, suburban areas and municipalities with more developed real estate markets, depending on the actual situation in each municipality。
