In the property market in May, Foshan rose 35% and Guangzhou fell 8%

Article | Deng Haozhi

Driven by the new policies, Foshan property market is warming up in an all-round way

A total of 4010 first-hand houses were sold in Foshan in May, with a total area of about 463200 m2 for online shopping, up 35.24% month on month. Also in May, there were 4783 second-hand housing online signings in Foshan, up slightly from April. In general, The effect of the new policies is obvious, and the willingness to buy houses has returned in an all-round way.

It is different from Guangzhou's policy of only going out at the end of May, Foshan released 13 new policies on the property market on May 13 Including relaxing the policy of housing purchase, increasing the support for housing purchase with provident fund loan, implementing the dynamic adjustment mechanism of the first housing loan interest rate, and implementing the price standard of civil water and electricity for residential apartments. On May 20, Foshan announced that the interest rate of the first 5-year loan of provident fund was officially lowered to 2.85%. On May 27, the new policy of the Central Bank was officially implemented in Foshan. In addition to the down payment of 15%, the second set interest rate of some banks was as low as 3.15%.

Because the policy was announced early, the effect appeared early In addition to the policy wave after wave, Foshan's property market has well taken the heat of the May Day holiday. Throughout May, Foshan's property market continued to be hot and favorable, which also contributed to the steady growth of trading volume. It is expected that this wave of warming in the property market will continue into June 。

As for how long it can last, two indicators need to be observed:

First, the economic recovery After all, housing purchase is a major consumption and investment. Without economic recovery, the purchasing power cannot keep up.

The second is to see the performance of the property market in Foshan's benchmarking city Guangzhou If Guangzhou's property market is good, it will play a leading role in Foshan's property market. If Guangzhou's property market is not good, it will drag down all cities around Guangzhou, including Foshan.

Finally, it needs to be emphasized that the 4000 online signings of new houses in a single month are far from enough for Foshan. Under normal circumstances, the starting price of housing should return to the level of 7000 or so, so that Foshan's property market can enter a virtuous circle. There is still a big gap between the current 4000 sets and 7000 sets. I think that Foshan should continue to reserve new policies to stimulate the property market, and release them continuously, so that the market can maintain sustained growth, and then have the opportunity to return to the normal level within the year.

In May, the property market in Guangzhou continued to be depressed, and it is expected that the new policies will be effective in June

In May, there were 4822 online signings of new houses in Guangzhou, down 8% month on month, with a transaction area of 523600m2, down 9% month on month. Did the property market in Guangzhou cool down in May? The statistical data of different statistical institutions are slightly different, but although May has experienced a small holiday, and the new policy at the end of May was launched, the performance of the property market in the whole of May is indeed the same as that in April, and the overall performance is not active.

1. The new policy was announced at the end of May, and it still takes time to show its power, Therefore, the driving effect on the market in the current month is limited, and the effect will basically reappear in June;

2. The property market was OK during the May Day holiday, but most of it was the result of exchanging price for quantity. A number of leading real estate enterprises in Guangzhou have made certain deals in exchange for a large number of new market promotions, but the performance of small and medium-sized real estate enterprises without price reduction is very ordinary;

3. The property market performance in mid May was extremely bad, even worse than that in April. This is due to the similar digestion of favorable policies in the early stage, and the impact of the long rain in Guangzhou in May. Therefore, the turnover in Guangzhou in May was generally poor.

The following is the statistical data of Central Plains. Kerui, Housing Construction and even large media platforms will publish their own statistical data. Although there are differences, they are basically the same, but I also emphasize that repeated comparisons should be made. Especially if the indicators of a platform change, either policies affect the market or other statistical caliber should be involved.