Price Continuation in 70 Cities of China in April

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      In the context of the overall loose financial environment, China's housing prices continued to rise in April. According to the latest data from the National Bureau of Statistics, the new housing price index of 70 cities continued to rise at the highest level in the past two years, while the ring-to-ring ratio rose for four consecutive years, and the ring-to-ring ratio increased to 67 cities. According to the real estate investment data published last day, while the performance of industry, consumption and manufacturing investment is bleak, the real estate market is outstanding and has become a major stabilizer of China's economy.
Analysts believe that although the current monetary environment is relatively good for real estate, the pressure of soaring house prices is also unbearable. Cities such as Suzhou have begun to curb the overheating trend of the property market, and it is expected that all parts of the country will still take measures to maintain stability.
"With the emergence of gold, three silver and four silver, Xiaoyangchun spreads in the property market. The reason why house prices continue to rise in April is mainly due to the relatively loose credit policy and talent policy in some areas," said Zhang Dawei, chief analyst of Zhongyuan Real Estate.
He pointed out that since April, more than 15 cities have tightened their regulation and control policies. Restrictions on sales and reserve funds have been tightened and reappeared. Rising is not stable and downward adjustment is not stable. It is expected that follow-up regulation and control policies will continue to stabilize the real estate market.
He also believes that from the current credit market, the most pressing time has passed; mortgage and mortgage, the first and second apartment standards, the number of loans, mortgage rate changes, will be the most critical factors affecting the trend of the real estate market in the coming months.
According to Reuters data released by China's National Bureau of Statistics on Thursday, the price index of newly built commercial housing in 70 large and medium-sized cities rose 10.7% year-on-year in April, 43 months in a row, the highest increase since May 2017, and 0.6% year-on-year, 48 months in a row, the increase was flat last month.


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