Ji'nan's housing price hit the biggest drop in 2011 in June, with enough stock for 15 months.
Shun Net - Ji'nan times
house prices continued to fall in June. The sale prices of 70 large and medium cities in June 2014, released by the National Bureau of statistics in July 18th, showed that the price of new houses in 55 cities decreased. Specifically in Ji'nan, the price of new homes fell by 0.7% in June, the biggest decline since 2011.
Shandong 4 cities June housing price data
new housing fell 0.7% from last month, more than 0.6% in April 2012, the highest in 2011.
second-hand housing fell 0.3%
new housing fell 0.4% compared with last month, second-hand housing fell 0.3%
new housing fell 0.3% than last month, second-hand housing fell 0.3%
0.6% new housing fell last month, secondary housing fell 0.4%
provincial statistics 4 cities, new housing prices in Ji'nan's largest
country declines. Statistics Bureau statistics show that in June, the sales prices of 70 large and medium-sized cities in China fell by 55, which was 20 more than that in May. Shandong was listed in the 4 cities of 70 large and medium cities, 4 cities.Amp; mdash.amp; mdash Jining, Yantai, Qingdao and Ji'nan all fell down, but Ji'nan was the biggest drop, 0.7%. Since the January 2011, the State Bureau of statistics showed that the monthly housing price data showed that the decline of 0.7% in June, more than 0.6% in April 2012, is the biggest decline since 2011.
second-hand housing is similar to new houses, and is also falling. In the second-hand housing price index released by the National Bureau of statistics on 18, Ji'nan, Yantai and Jining fell by 0.3% compared with 0.4% in Qingdao.
down signal release stock still needs to be digested for 15 months
due to the relative lag of statistical data, entering July, with the cancellation of the purchase policy, the change of the real estate market in Ji'nan has been changed.
accompanied by the active property market, most of the real estate sales are releasing the signal that the housing prices will stop falling and the recent planned price increases. But industry insiders say that the price hikes of the real estate market are more likely to frighten the buyers, but with the cancellation of the purchase price, the expectation of falling prices is true.
according to gram and Rui Ji'nan agency statistics, as of the end of April, Ji'nan ordinary housing stock is 6 million 610 thousand square meters, and 1.amp; mdash4 month Ji'nan ordinary residential monthly average volume of 420 thousand square meters. In this calculation, the inventory in Ji'nan now takes 15.7 months to digest.
after the cancellation of the purchase restriction, the one-year social security has become a stumbling block for the home buyers to handle mortgage loans. Therefore, the low price volume is still the mainstream trend of Ji'nan property market in the second half of the year.