The real estate market in the second tier cities of Yangtze River Delta dropped significantly in September, and the trade rhythm slowed down

category:Finance
 The real estate market in the second tier cities of Yangtze River Delta dropped significantly in September, and the trade rhythm slowed down


The cooling of the property market in the new first tier cities in the Yangtze River Delta is affected by the overall regulation and control to a certain extent. Hangzhou and Nanjing were listed in the Forum on real estate work held at the end of July. Experts from Yiju Research Institute believe that the list of cities listed in the forum itself has a strong signal significance. House prices in these cities have risen rapidly in the first half of this year, and the phenomenon of ten thousand people shaking has appeared in Nanjing and Hangzhou. Therefore, such cities will become the focus of follow-up control.

Not only new houses, but also the second-hand housing market in the above cities is also obviously cooling down. Nanjing in the third quarter of this years second-hand housing turnover fell 25% month on month, the listing price fell a lot. The listing price and turnover of second-hand houses in Hangzhou and Suzhou continued to decline in September, while the number of second-hand houses on sale continued to increase. At the same time, Wuxi, Yancheng, Hefei and other key cities in the Yangtze River Delta showed signs of cooling down, and the prices of second-hand houses continued to decline.

The cooling of the market is further transmitted to the link of land purchase. On September 29, the two plots concluded in Nanjing did not touch the top ceiling price. They were only completed by 7 rounds of bidding and 10 rounds of bidding, and the transaction price was nearly 2000 yuan per square meter lower than the floor price of relevant plots sold previously. In mid September, Nanjing Municipal Bureau of planning and resources issued new regulations on the transfer of residential land, restricting and standardizing the bidding units and the vest companies participating in the lottery.

In addition to the supply side is affected by regulation and control, the tightening of personal loan line has also exerted a lot of pressure on the demand side of the property market. The news shows that the regulatory authorities have recently asked large commercial banks to reduce pressure and control the scale of real estate loans such as personal housing mortgage loans, and the amount of housing mortgage loans for individuals is tightening. Recently, some banks have reported that most banks require a down payment ratio of 40%, and they have higher requirements for borrowers, and the timing of lending is uncertain. Lu Wenxi, an analyst at Zhongyuan Real estate market in Shanghai, told ifnancial that the ultimate pressure of tightening the quota will still fall on the developers. As the loans are designated by the developers, the tightening of credit will affect the pace of transactions, thus prolonging the payback cycle of real estate enterprises. At the same time, this pressure will also lead to developers to put forward higher payment requirements for buyers, and the heat of transactions will be affected.

In addition to the supply side is affected by regulation and control, the tightening of personal loan line has also exerted a lot of pressure on the demand side of the property market. The news shows that the regulatory authorities have recently asked large commercial banks to reduce pressure and control the scale of real estate loans such as personal housing mortgage loans, and the amount of housing mortgage loans for individuals is tightening. Recently, some banks have reported that most banks require a down payment ratio of 40%, and they have higher requirements for borrowers, and the timing of lending is uncertain.

Lu Wenxi, an analyst at Zhongyuan Real estate market in Shanghai, told ifnancial that the ultimate pressure of tightening the quota will still fall on the developers. As the loans are designated by the developers, the tightening of credit will affect the pace of transactions, thus prolonging the payback cycle of real estate enterprises. At the same time, this pressure will also lead to developers to put forward higher payment requirements for buyers, and the heat of transactions will be affected.