Chinese economy

In March 2022, the listing volume of second-hand houses in Changchun decreased by 35% month on month and 58% year on year From 58 anjuke Real Estate Research Institute

The following is the In March 2022, the listing volume of second-hand houses in Changchun decreased by 35% month on month and 58% year on year From 58 anjuke Real Estate Research Institute recommended by recordtrend.com. And this article belongs to the classification: Chinese economy.

From the perspective of the market, the epidemic in March caused the listing of second-hand houses in Changchun to fall to the lowest point since 2021, the number of active users fell sharply again month on month, and the overall performance of the market was depressed.

In terms of industry, affected by the closure of the city in March, the number of brokerage companies and brokerage stores in Changchun decreased significantly, and small intermediaries were more affected. The number of brokers and the number of anjuke service members increased slightly month on month, but the number of brokers still decreased year-on-year, and it still takes time for employees to recover the future information of the industry. During the epidemic, a series of credit and subsidy policies continued to be released, but the boosting effect on the market has yet to be verified.

1、 The listing of second-hand houses fell sharply, and the demand of users was significantly restrained by the epidemic

1. Affected by the epidemic, the listing of second-hand houses in Changchun plummeted to an all-time low

From the perspective of Changchun’s second-hand housing market, the impact of the epidemic since March on the city’s second-hand housing market is relatively obvious. Among them, the listing volume of second-hand housing decreased significantly. In March, the listing volume of second-hand housing decreased by 35% month on month and 58% year-on-year, and the number of houses on shelves was the lowest in more than a year.

The listing price of second-hand houses is relatively less affected by the epidemic. After the listing price of second-hand houses continued to decline in the fourth quarter of 2021, it has stopped falling in March.

2. User demand is greatly depressed by the epidemic, and it is difficult to recover in the short term

From the perspective of user activity, users in the second-hand market in Changchun showed a significant recovery in February, with a month on month increase of 28%, becoming the largest increase in recent years. However, affected by the epidemic in March, the demand of users for house purchase fell again. It can be seen that it is relatively difficult for the second-hand housing market in Changchun to recover significantly in the short term.

2、 The performance of the industry is sluggish, and the recovery of market confidence is still insufficient

1. In March, the epidemic caused the industry to turn, and the number of brokerage companies decreased significantly

In January 2022, the number of brokerage companies in Changchun rebounded slightly. In February, the epidemic superimposed the impact of the Spring Festival, and the number of brokerage companies decreased month on month. In March, the city closure led to the suspension of the brokerage industry, and the number of companies decreased significantly, with a month on month decrease of 33.8%.

On a year-on-year basis, the number of brokerage companies increased significantly in January and February, with obvious signs of recovery compared with the same period last year. However, the outbreak of the epidemic in March led to a sharp decline in the industry, and the number of brokerage companies decreased by 23.8% year-on-year.

2. Stores decrease with the decrease of brokerage companies, and small intermediaries are more significantly affected

The change trend of the number of brokerage stores is basically the same as that of brokerage companies. With the decrease of brokerage companies, brokerage stores are also closing down. In March, the year-on-year and month on month decrease of Changchun brokerage stores exceeded 15%, but less than that of brokerage companies, which also shows that most of the closed companies and stores are small intermediaries, which are greatly impacted by the epidemic and market decline.

3. Brokers increased slightly month on month, but it still takes time for confidence to recover

To some extent, the change in the number of brokers reflects the information and prediction of the industry employees for the future of the industry. The number of brokers in Changchun increased slightly month on month in March, which also shows that the employees have a more positive view on the future trend of the whole industry.

However, on a year-on-year basis, the number of brokers is still in a negative growth state, and the employees’ views on the future of the industry are still in a relatively low state compared with last year.

4. The number of service members has increased for the first time in 10 months, and online operation has been paid more and more attention

According to the statistical data, the number of Changchun anjuke members increased for the first time in nearly 10 months in March, and it was also the largest increase in nearly a year. On the one hand, the increase in the number of online brokers shows the recovery of employees’ information about the future of the industry. On the other hand, it also shows that affected by the epidemic, more and more brokers are gradually changing from offline operation to online operation, and carry out business through more channels.

3、 The policy is committed to maintaining stability and continuously releasing good credit during the anti epidemic period

Changchun’s real estate policy regulation is relatively loose, with maintaining order and strengthening supervision as the main demands. During the epidemic period, credit benefits such as overdue repayment without penalty interest were released.

On March 14, the provident fund management center issued a notice that “before the end of this round of epidemic, if the loan applied for in Changchun housing provident fund management center cannot be repaid on schedule due to the epidemic, it will not be handled overdue, no penalty interest will be charged, and it will not be submitted to the credit investigation department as an overdue record.”

Some banks, such as China Construction Bank and industrial and Commercial Bank of China, provide customers who can apply for deferred repayment services for hospitalized or isolated persons infected with Xinguan, staff participating in epidemic prevention and control, and individuals who temporarily lose their source of income affected by the epidemic.

In addition, at the beginning of the year, the Changchun Municipal People’s government also issued the notice on adjusting and implementing the housing subsidy policies for talents and farmers entering the city, relaxing the scope of housing subsidy from new houses to second-hand houses, and extending the period of housing subsidy until June 30, 2022. This measure is expected to further release the policy dividend, enhance the talent attraction of the city and boost the real estate market.

Various favorable policies continue to be introduced, but the specific effect is not conclusive. As the epidemic continues, the market is in a state of suspension and trading is at a freezing point. After the resumption of work and production, the specific effect remains to be further verified by the market. More reading: 58 anjuke Real Estate Research Institute: the real estate market during the Spring Festival in 2022 was significantly weaker than that in the same period last year. 58 anjuke Real Estate Research Institute: national new housing market report in January 2022 58 anjuke Real Estate Research Institute: Interpretation of real estate development in the first quarter of 2022 58 anjuke Real Estate Research Institute: there were signs of recovery in the real estate market in 70 cities in January 2022. New housing prices in first tier cities stabilized and rebounded. 58 anjuke Real Estate Research Institute: national rental market monthly report in March 2022 58 Anjuke Real Estate Research Institute: 2020 real estate market summary (attached with download) 58 anjuke Real Estate Research Institute: January 2022 national popular city house price map 58 anjuke Real Estate Research Institute: October 2019 national anjuke index report 58 anjuke Real Estate Research Institute: 2020 first half real estate market summary (attached with download) 58 anjuke Real Estate Research Institute: 2019 third quarter real estate market report (attached with download) 58 anjuke Real Estate Research Institute: national second-hand housing market depth report in November 2021 58 anjuke Real Estate Research Institute: National anjuke index report in March 2022 58 anjuke Real Estate Research Institute: the average listing price of second-hand houses in Beijing, Guangzhou and most second tier cities decreased month on month in November 2021 58 anjuke real estate Research Institute: review of real estate market policies in 2021 and outlook for 2022 (download attached) 58 anjuke Real Estate Research Institute: in October 2021, the supply construction area of 65 cities nationwide was 158.36 million square meters, down 15% month on month

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