The volume of residential properties in first-tier cities is still falling, and the third- and fourth-tier cities are even more declining. On November 20th, according to the “November Forecast†published by Yiju Real Estate Research Institute, in the first half of November 2018, 40 city residential transactions increased by 11% quarter-on-quarter and 9% year-on-year. In the first half of November, residential transactions in first-tier cities fell by 3% quarter-on-quarter; second-tier cities increased by 27% quarter-on-quarter; third- and fourth-tier cities fell by 20% quarter-on-quarter. From the year-to-date situation, the transaction area of ​​new commercial residential buildings in 40 cities increased by 8% year-on-year, of which first-tier cities decreased by 9%, second-tier cities increased by 4%, and third- and fourth-tier cities increased by 24%. Shen Yu, a researcher at the Yiju Research Institute, said that from the demand side, the recent regulation will not be relaxed, and the market will be cooled by this impact. From the supply side, considering the end of the year, developers will push the pace under the pressure of funds. Or there is speeding up. In the first half of November, the transaction area of ​​first-tier cities decreased slightly compared with the first half of October. The transaction area of ​​second-tier cities in the eastern region increased significantly, the transaction area of ​​second-tier cities in the central region decreased, and the volume of second-tier cities in other regions increased slightly. The transaction area of ​​the third- and fourth-tier cities with stricter regulation decreased from the previous month, and the transaction area of ​​the unregulated or weakly regulated third- and fourth-tier cities decreased by a large margin. From the performance of second-tier cities, the transaction area of ​​second-tier cities in the eastern region has increased significantly in the first half of November, mainly due to the substantial increase in the transaction area of ​​Qingdao, Hefei and Nanjing. There may be two reasons: First, the three cities The developer's push to speed up the pace, and second, because the pre-sale certificate and network sign control last year is more stringent, this year's control has been relaxed, may lead to centralized network signing, the performance of the network sign data is lagging behind. In addition, the transaction area of ​​second-tier cities in the central region showed a significant decline, mainly due to the large-scale decline in the transaction area of ​​Changsha. The transaction area of ​​second-tier cities in other regions increased slightly compared with the first half of October, mainly due to the large increase in the transaction area between Chengdu and Nanning. It is noteworthy that the transaction area of ​​the third- and fourth-tier cities with stricter regulation has declined, mainly due to the significant decrease in the transaction area of ​​Wuxi. The transaction area of ​​the unregulated or weakly regulated third- and fourth-tier cities that had been hot and hot in the past showed a significant decline from the previous quarter, mainly due to the significant decline in the early-stage hot-selling cities such as Xuzhou. Overall, the overall transaction volume in the third- and fourth-tier cities has cooled significantly, and the market's follow-up purchasing power is waiting to be tested.
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40 city residential transactions have not improved, the third- and fourth-tier cities have cooled significantly
Abstract The volume of residential properties in first-tier cities is still falling, and the third- and fourth-tier cities are even more declining. On November 20th, according to the “November Forecast†published by Yiju Real Estate Research Institute, in the first half of November 2018, the 40-city residential transaction increased by 11% from the previous month.