Monthly report of national second-hand housing market in May 2022 From 58 anjuke Real Estate Research Institute

The following is the Monthly report of national second-hand housing market in May 2022 From 58 anjuke Real Estate Research Institute recommended by recordtrend.com. And this article belongs to the classification: Chinese economy.

1、 Interpretation of relevant policies for second-hand housing in China

1. national policies

l 2022.5.15

Central bank and China Banking and Insurance Regulatory Commission: the commercial loan interest rate of the first house is 20 basis points lower than that of LPR

According to the official website of the people’s Bank of China, today the people’s Bank of China and the China Banking Insurance Regulatory Commission issued a notice on issues related to the adjustment of differentiated housing credit policies. The notice points out that for the resident families who purchase ordinary self owned houses with loans, the lower limit of the interest rate on the commercial personal housing loan for the first set of houses is adjusted to not less than the market quotation interest rate of the loan for the corresponding period minus 20 basis points, and the lower limit of the interest rate policy on the commercial personal housing loan for the second set of houses is implemented in accordance with the current provisions.

Comments: under the general trend of nationwide overall reduction of housing loan interest rate, most banks implement the minimum loan interest rate above the benchmark LPR interest rate. After the issuance of the notice, commercial banks have the policy basis for continuous reduction of housing loan interest rate, which is conducive to banks to increase the power and space for further reduction of housing loan interest rate. However, the policy is mainly aimed at the first set of housing loans, and the second set of housing cannot enjoy the favorable policy, which also explains the background of the current strict implementation of “housing without speculation” in all real estate market regulation. The notice is mainly beneficial to the demand for just needed house purchase, reduces the cost of house purchase, and can also appropriately increase the loan amount. If the 20-year commercial loan of 1million yuan is paid at the interest rate of this policy, nearly 110 yuan can be repaid less each month, saving a total of nearly 26000 yuan in interest.

l 2022.5.20

Central bank: the one-year LPR remained unchanged at 3.7% and fell to 4.45% in the five-year period

The people’s Bank of China authorizes the National Interbank Funding Center to announce that the quoted interest rate (LPR) of the loan market on May 20, 2022 is: 1-year LPR remains unchanged at 3.7%, and the LPR over 5 years is reduced to 4.45%, up from 4.6%. Earlier, on May 15, the central bank announced that for resident families who borrow money to purchase ordinary self owned houses, the lower limit of the interest rate for commercial personal housing loans for the first set of houses was adjusted to not less than the market quotation interest rate of loans for the corresponding period minus 20 basis points, and the lower limit of the interest rate policy for commercial personal housing loans for the second set of houses was implemented in accordance with the current provisions.

Comments: after the relevant departments issued the policy that the housing loan interest rate can be further reduced by 20 basis points on the basis of LPR, the 5-year LPR was reduced by 15 basis points again. First, the adjusted long-term interest rate and the one-year interest rate have not been adjusted, indicating that the policy is mainly good for the real estate market, especially property buyers; Secondly, the adjustment of LPR will be gradually and comprehensively transmitted to the final loan interest rate. At present, the loan interest rate of the first and second houses in some cities is obviously high, and the local banks are relatively lack of confidence in the housing price in the housing area, so the willingness to reduce the interest rate is relatively weak. Then the comprehensive interest rate reduction will force these urban commercial banks to passively reduce the loan interest rate and reduce the cost of home buyers, Disguised good property market.

2. local policies

L Shanghai – May 29, 2022

Shanghai printed and distributed the action plan for accelerating economic recovery and Revitalization: promoting the healthy development of real estate development and investment

According to the website of the Shanghai Municipal People’s government, the Shanghai municipal government has issued the Shanghai action plan for accelerating economic recovery and revitalization. The plan proposes to strengthen the preparation of urban renewal planning, policy support and factor guarantee. During the year, we completed the transformation of the central urban area into old areas, comprehensively accelerated the transformation of scattered old areas, and launched more than 8 Urban Village transformation projects during the year. Promote the healthy development of real estate development and investment, establish a green channel for early approval of real estate projects, timely start the listing and supply of a new batch of market-oriented new commercial housing projects, and further shorten the whole process of early development, land acquisition, commencement and sales. The payment of urban infrastructure supporting fees for newly started residential projects can be postponed for 3 months. We will improve real estate policies to support the demand for rigid and improved housing..

Comments: in the plan issued by the Shanghai municipal government, it mainly refers to the transformation of old districts and the transformation of villages in the city. In fact, the policy still starts from the demand for house purchase in Shanghai, because from the local demand for house purchase in Shanghai, the main sources are two types, the improved replacement demand and the replacement demand formed by demolition. Under the severe impact of the epidemic and the income decline of some people in Shanghai, there will be insufficient demand. The real effective demand in the market will be formed through the old reform, so as to activate the real estate market. In addition, these people have certain feelings for long-term residence, so this part of the old reform demand is likely to choose second-hand houses around the region for real estate.

L Shenzhen – May 6, 2022

Ten basic principles for the trial implementation of second-hand housing transaction brokerage services in Shenzhen

The Shenzhen real estate intermediary Association issued the guidelines on the implementation of the Shenzhen second hand housing transaction brokerage service (Trial), which defined that the real estate brokerage service includes ten basic principles. The ten basic principles are respectively the principle of advance notification, the principle of sequential agency, the principle of voluntary entrustment and renewal, the principle of absolute priority in the first place, the principle of cooperation among banks, the principle of timely notification of the transaction progress, the principle of each commission, the principle of service sharing without breaking, the principle of who serves who is responsible, and the principle that the entrustment can be cancelled if there is a major defect in the brokerage service.

Comments: in the past two years, Shenzhen has been promoting a set of second-hand housing transaction system with Shenzhen characteristics. Government departments have formulated rules and the market has implemented them. However, as this is a relatively new thing in the market, it will take some time for everyone to accept it. In addition, Shenzhen has been affected by the regulatory policy in the past two years. The transaction in the second-hand housing market is very low. The implementation of this policy has both advantages and disadvantages. The advantage is that the market activity is relatively low. The government and enterprises can have relatively sufficient time to explore the policy. The disadvantage is that the current market transaction is insufficient and the new policy cannot be fully tested, And the low transaction volume can not expose the drawbacks in the implementation of the policy, whether it will increase the costs of both buyers and sellers, thus pushing up the possibility of house prices.

L Suzhou – May 9, 2022

Further relaxation of purchase and sale restrictions in Suzhou

On May 9, the purchase, sale and loan restrictions in Suzhou were relaxed again: the transfer time of new houses was adjusted to 2 years, and the transfer time of second-hand houses was no longer required. If the family has a newly born population (two or more children), the transfer of the house is not restricted for about years. Non residents with registered residence in the city can purchase houses after paying social security for 6 months continuously. The purchase in non restricted areas (Zhangjiagang / Changshu) is not included in the number of restricted households.

Comments: Suzhou has relaxed the property market regulation policy, mainly aiming at the trading years of second-hand houses and new houses. In the first two years, both new houses and second-hand houses were subject to sales restrictions. After buying a house, the real estate was locked for a certain number of years. From the policy perspective, it was to prevent investment and speculative demand from entering the market, but the supply in the market was reduced, which exacerbated the supply-demand relationship in the market and affected the house price. The relaxation of the policy is that the current market investment demand basically does not exist, and the house price basically does not rise. Therefore, appropriate relaxation is conducive to invigorating the market activity. And relax the purchase restriction policy in some regions, so as to reduce the downturn of the regional real estate market and its impact on the economy.

L Nanjing – May 20, 2022

The city’s registered residence and non registered residence residents do not need to provide the house purchase certificate to buy second-hand houses (cancelled)

On May 20, according to the official wechat of “Nanjing Housing Association”, since May 20, 2022, when registered residence and non registered residence residents in Nanjing buy second-hand houses, they do not need to provide house purchase certificates to meet the reasonable house purchase needs of new citizens and other groups in need. At the same time, on the basis of the existing housing purchase restriction policy, class A, B, C, D and doctoral talents can purchase an additional set of housing. In addition, the original scope of enterprises that enjoy talent purchase services will be expanded, and the educational background will be relaxed accordingly.

Comments: the relevant departments in Nanjing announced on May 20 that the purchase of second-hand houses did not need to provide proof of purchase, and then the policy was cancelled. First of all, Nanjing has issued the policy of canceling the purchase restriction, which has triggered the bottom line of the property market policy. Therefore, the policy was cancelled soon after the policy was announced. From the situation of the policy, the depressed status of the property market in Nanjing needs to be strongly stimulated by canceling the purchase restriction, and the degree of the urban real estate market downturn can be seen from the land market in Nanjing.

II Second hand housing market in 65 cities nationwide

Luqilin, research director of anjuke Real Estate Research Institute, believes that: with the overall relaxation of the national real estate market policies, all regions have also introduced relevant relaxation policies, which is the highest month of this year in terms of the density of policy issuance. Under such a favorable policy environment, the demand for house purchasing has also rebounded to some extent. Secondly, the demand for replacement of landlords has increased, and the listing price has dropped slightly. However, the impact of the epidemic on the market is still relatively obvious. The number of new listings in Shanghai and Beijing has dropped significantly, and the shelf time of houses has also increased significantly. However, as far as the overall market is concerned, the second-hand housing market in most cities has not completely warmed up, and the market is in the stage of continuous bottoming.

1. number of houses on shelves in 65 cities nationwide

According to the statistics of 58 anjuke Real Estate Research Institute, in May 2022, the number of second-hand houses on the shelf in 65 cities nationwide fell by 1.0% month on month, and the number of second-hand houses listed fell continuously. Judging from the current trend of the number of second-hand houses on the shelf, the current number of houses on the shelf has basically fallen to the bottom, and the decline trend has gradually stabilized. With the gradual improvement of the real estate market environment, the number of listings will also rise.

2. duration of housing availability in 65 cities nationwide

In May, 2022, the duration of second-hand houses in 65 cities nationwide was 64.36 days, an increase of 2.6% month on month. This month, the length of second-hand housing on the shelf increased slightly, mainly due to the deep impact of the epidemic in some cities. For example, the epidemic in Shanghai and Beijing has a great impact on the housing supply on the shelf market. However, the recovery of the second-hand housing market in Shenzhen is still continuing, and the second-hand housing on the shelf market has dropped significantly.

3. supply and demand analysis of 65 cities nationwide

In May, 2022, the number of new second-hand houses on the shelves in 65 cities nationwide decreased by 3.2% month on month, and the demand for second-hand houses in cities increased by 5.5% month on month. This month, the number of new listings of second-hand houses fell slightly, which is related to the impact of the epidemic in some cities where second-hand houses are concentrated. For example, the number of new listings in Beijing and Shanghai continued to shrink. Secondly, stimulated by the continuous introduction of favorable property market policies in various cities, the demand for second-hand housing has also rebounded slightly.

4. average listing price trend of second-hand houses in 65 cities nationwide

In May, 2022, the average listing price of second-hand houses in 65 cities nationwide was 16887 yuan / square meter, down 0.10% month on month. The average listing price of second-hand houses fell for three consecutive months. Taking advantage of the current relaxation of market policies, some urban landlords have reduced prices for shipment, followed by replacement, selling their second-hand houses at a reduced price first, which can also quickly find a better time to buy houses.

5. map of second-hand housing prices in 65 cities nationwide

III Analysis of second-hand housing market in hot cities

1. second hand housing market in first tier cities (Beijing, Shanghai, Guangzhou, Shenzhen)

Luqilin, research director of anjuke Real Estate Research Institute, believes that: affected by the epidemic in Beijing and Shanghai, various indicators of second-hand housing have dropped to a certain extent, especially the listing volume and the on shelf market. Under the condition of no transaction in the market, the market confidence is relatively insufficient. Shenzhen is still in the process of recovery. The landlord’s willingness to list has gradually increased, and the price has dropped slightly, promoting the slow release of house purchase demand

1.1 number of second-hand houses on shelves in first tier cities

According to the statistics of 58 anjuke Real Estate Research Institute, in may2022, affected by the epidemic in Beijing and Shanghai, the number of on shelf houses in the first tier cities continued to drop significantly, and the current number of on shelf houses fell to a historical low. The number of second-hand houses on shelves in Shenzhen has rebounded for two consecutive weeks, indicating that market confidence is gradually recovering.

1.2 duration of second-hand houses in first tier cities

In may2022, affected by the epidemic, the on shelf time of second-hand houses in Beijing and Shanghai increased significantly, by 14.6% and 29.1% respectively. Among them, the on shelf time of second-hand houses in Shanghai has reached a historical high of 61.8 days. The shelf life of second-hand houses in Shenzhen continued to fall. In May, the shelf life of second-hand houses was 50.4 days. If the influence of the Spring Festival holiday was excluded, it has fallen for five consecutive months, and the activity of the shelf life has increased significantly.

1.3 supply and demand relationship of second-hand housing in first tier cities

In May, 2022, among the four first tier cities, only Shenzhen saw a significant increase in the supply-demand ratio of second-hand housing market, while other cities saw a certain decline in supply-demand. The main reason for the decline in the supply-demand ratio of Beijing, Shanghai and Guangzhou was the obvious decline in the new listing houses. However, the demand for house purchase was not declining, and even the demand for house purchase in Guangzhou was significantly rising.

1.4 listing price trend of second-hand houses in first tier cities

In April, 2022, the average listing price of second-hand houses in four first tier cities fell only in Shenzhen, with a decline of 0.7%. The landlord took the initiative to reduce the price to benefit the market, while the average listing price in Guangzhou rose rapidly by 2.8%.

2. second hand housing market in hot cities (Chongqing, Chengdu, Hefei, Nanjing, Shenyang, Tianjin, Fuzhou, Kunming)

2.1 quantity of second-hand houses on shelves in hot cities

According to the statistics of 58 anjuke Real Estate Research Institute, in May 2022, the number of second-hand houses on the shelf in Chengdu, Hefei and Shenyang increased by 2.9%, 1.3% and 34.6% respectively, and the number of second-hand houses on the shelf in other cities fell by different degrees. The number of second-hand houses on shelves in Fuzhou and Nanjing continued to fall sharply.

Trend of second-hand housing on shelves in other cities

Note: the number of on shelf houses is based on the number of on shelf houses of second-hand houses in each city in January 2021, and the subsequent months will be adjusted according to the base number.

2.2 duration of second-hand houses in hot cities

In May, 2022, among other hot cities, the shelf life of second-hand houses in Shenyang fell by 4.6%, and other cities increased by different degrees. At present, Shenyang is the city with the longest shelf life, which is 78.29 days, and Kunming is the city with the shortest shelf life, which is 49.07 days.

2.3 supply and demand relationship of second-hand housing in hot cities

In May, 2022, only the supply and demand of second-hand houses in Shenyang rose significantly, and the supply and demand of other cities fell to some extent. The main reason for the fall in the supply and demand relationship was the rebound in the demand heat of these cities. Secondly, the fall in the supply and demand relationship was also affected by the majority of new listings in these cities and the fall in the supply and demand relationship last month.

Note: supply and demand = new listings of urban second-hand houses / demand heat.

2.4 trend of average listing price of second-hand houses in hot cities

In May, 2022, there were two other hot spots, namely Chengdu and Hefei, where the average listing price of second-hand houses rose month on month. Other cities fell by different degrees. Nanjing and Fuzhou saw the largest decline, with a decline of 1.5% and 1.1% respectively. The average listing price in Nanjing has fallen significantly for two consecutive months.

4、 List of cities with year-on-year increase in listed prices of second-hand houses in 65 cities nationwide

More reading: 58 anjuke Real Estate Research Institute: in-depth report on the national second-hand housing market in November 2021 58 anjuke Real Estate Research Institute: in November 2021, the average listing price of second-hand housing in Beijing, Guangzhou and most second tier cities fell month on month 58 anjuke Real Estate Research Institute: in April 2022, the listing price of second-hand housing in first tier cities continued to rise 58 anjuke Real Estate Research Institute: in April 2022, the national second-hand housing market report 58 anjuke Real Estate Research Institute: in January 2022, the national second-hand housing market report 58 anjuke Real Estate Research Institute Monthly report on hand house market (attached with download) JFZ: inventory of second-hand house transaction data in March, 2020 58 anjuke Real Estate Research Institute: real estate market report for the third quarter of 2019 (attached with download) 58 anjuke Real Estate Research Institute: real estate market summary in 2020 (attached with download) 58 anjuke Real Estate Research Institute: real estate market summary in the first half of 2020 (attached with download) 58 anjuke Real Estate Research Institute: national land market report in April, 2022 58 anjuke Real Estate Research Institute: supply and demand analysis of Beijing, Shanghai, Guangzhou and Shenzhen leasing market in April, 2022 58 anjuke Real Estate Research Institute: National anjuke index report in October, 2019 58 anjuke Real Estate Research Institute: in October, 2021, 65 cities nationwide supplied a building area of 158.36 million square meters, down 15% month on month. 58 anjuke Real Estate Research Institute: house price map of national key cities in May, 2022 58 anjuke Real Estate Research Institute Institute: review of property market policies in 2021 and outlook for 2022 (download attached)

If you want to get the full report, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.

RecordTrend.com is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.