2015-03-17

Housing Inventories Grow in China, But Optimism Reigns

Shanghai E-House tracks 35 cities and reports area in inventory increased 0.1% mom and 19.1% yoy in February. 31 cities saw inventories grow, while the 4 first-tier cities saw inventories decline 0.9% as bifurcation continues. Overall, the 25 cities have 15.6 months of inventory at current sales rates, but analysts are optimistic that government policies and a rebound in prices will spur a rise in transactions.

According to Asian high statistics show that the actual transaction price last week Beijing over 60,000 yuan / square meter luxury apartment project realized a total turnover of eight items, the cumulative turnover of 20 sets, and the previous week, the average transaction price of 75,705 yuan / square meters, up 1.3%, the total turnover amounted to 295 million yuan.

In view of this, there are many people in the industry believe that the overall point of view, the primary task of housing prices or accelerate destocking, because most of the city to the property market is increasing the pressure on the stock. But then in April 2015, first-tier cities real estate market will deal a small peak, pick will also step into the fast lane.
April 2015 is not far away. The market is going to turn soon or this optimism will turn into pessimism, if not panic.

35城楼市库存需卖16个月 房价将止跌转涨

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