Ji'nan property market downturn in the volume of new fund limited stimulus role
Xinhua
Ji'nan property market turnover in December last year after a short peak plunged into the downturn, the new commercial housing network in February Down nearly 50%, of which the number of residential network signs decreased by more than half.
according to the latest data from Ji'nan housing and real estate information network, the volume of new commercial housing in Ji'nan in February is 496 thousand square meters, 6056 sets, 49.5% and 49.4% lower than in January, compared with the 1 million 533 thousand square meters and 16089 sets of volume in December last year. Meanwhile, housing prices in Ji'nan have fallen for the 10 consecutive month since last May.
on the basis of the cancellation of the housing purchase policy in July last year, Ji'nan issued a new deal in March this year for the purchase of provident fund loans. For a family with a set of ordinary self housing and having cleared the corresponding purchase loans, the first payment of two suites with a building area of 90 square meters (including) is 20%, 90 square meters above the first. The ratio is 30%, and the loan interest rate is executed at the base rate.
provident fund policy adjustment is difficult to reflect in a short time, but it can play a positive role in guiding market psychology. Many developers recently visited Ji'nan, most developers think that this year's property market situation is better than last year, although the market is very difficult to rebound in large area, but in terms of transaction form, this year's market performance and real estate transactions will show a continuing upward trend.
Li Tiegang, director of the real estate research center of Shandong University, said that the current property market has changed in a short supply situation in the past years. The buyer's market has been formed. For some places, such as Ji'nan and other places, the policy of loosening the property market by adjusting the fund loans is difficult to fundamentally reverse the flat price of the market. Discount sales is still the main means for developers to go inventory. To promote the healthy development of the property market, the most important thing is to reduce the development cost of real estate and regulate the disorderly competition among developers.