Since October, all localities have continued to adhere to the real estate market regulation objectives and do not waver, and the strength is not relaxed. Under the tone of maintaining the continuity of policy continuity, market turnover continued to be low. On November 6, the data released by the China Index Academy showed that the transaction area of ​​the 40 major cities monitored in October 2018 decreased by 5.91% from the previous month, of which nearly 60% fell from the previous month and 3.32% from the same period last year.
Specifically, the transaction area of ​​the four first-tier cities fell by 33.44%, of which Guangzhou had a large decline of 57.93%; a year-on-year increase of 11.32%, of which Shanghai increased significantly. The transaction area of ​​18 second-tier cities decreased by 4.92% from the previous month and slightly increased by 0.37% year-on-year. The transaction area of ​​the eight third-tier cities increased by 21.6% from the previous month and increased by 8.54% year-on-year.
As of the end of October, the total inventory of 40 major cities monitored by the China Central Hospital increased by 4.6%. Among the key monitoring cities, Shenzhen and Hangzhou saw a large increase, both exceeding 16%. Among the monitored cities, only Fuzhou, Nanjing and Guangzhou stocks decreased in the chain, and Fuzhou's decline was significant, reaching 8.29%.
On the same day, the Yiju Real Estate Research Institute also announced the “National 40 City Residential Transactions Reportâ€. According to the report, in October, the transaction area of ​​new commercial residential buildings in 40 typical cities decreased by 6% from the previous month, an increase of 11% year-on-year. From January to October, the cumulative transaction area of ​​40 cities increased by 7% year-on-year, and the small rebound did not change the overall downward trend.
According to the analysis of Shen Yi, a researcher at the Yiju Research Institute, in October, the transaction area of ​​40 cities declined, and the first, second and third tier cities all experienced different degrees of decline. It is expected that the volume of residential properties in these cities will continue to shrink by the end of the year. “The first-tier cities have been at a low level, with limited downside and are expected to stabilize; the volume of second-tier and central second-tier cities in the east will gradually shrink; other second- and third- and fourth-tier cities will face greater downside risksâ€.
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