Beijing Homes Sales Down 40% in April

Measured by area, Beijing sales fell 41.4% in April yoy, overall sales were down 36.2% yoy. The yoy percentage decline in home sales shrank from March to April, but the overall decline expanded. This is the 13th consecutive month of falling sales by area in Beijing.

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May 14, the Beijing Municipal Bureau of Statistics, National Bureau of Investigation Corps Beijing released in April before Beijing's main economic data. Data show that, by April of this year, the city's commercial housing sales area of ​​3.572 million square meters, down 36.2%, a decline compared to March, before expanding 1.9 percent. So far, the Beijing real estate sales year on year cumulative growth rate has been 13 consecutive months of decline.

Specifically, in April before the city's commercial area, the residential sales area of ​​2.494 million square meters, down 41.4 percent year on year, a decline of 1.8 percentage points over March narrowed before; office of 596,000 square meters, down 32.6% , a decline compared with March before expanding 16.3 percent; commercial, non-public service buildings and the other for 482,000 square meters, an increase of 5 percent, also rose 5.1 percentage points over March narrowed before.

It is reported that early last year, the Beijing property market continued the hot market at the end of last year, after the impact of market regulation policy and sentiment and other factors, Beijing cumulative real estate sales continued to decline year on year growth, real estate sales last year fell 2.1% After growth continued to be negative. Statistics show that the first two months of this year, real estate sales reported by 39.1% year on year decline in March before the data is narrowed slightly to 34.3%.

May real estate market is difficult to heat up

Centaline Dawei, chief analyst pointed out that compared to previous years, cool the property market this spring, late spring obvious signs.

Beijing property market in recent months, gradually began to shift from panic buyers wait 2013 panic, fear buyers market highs, post price adjustment; Moreover, from the supply point of view, the market gradually from housing projects, the current nine-occupied housing Total supply of residential projects up to 15,000 units, about 200,000 have been locked in demand, the impact on the Beijing market increased significantly in the housing market appears to cool. Zhang Dawei said, from the current price of new residential projects just need to look at both sides of the supply and demand market anticipation has emerged steering, buyers wait and see mood increase, while housing prices, "none other running volume" psychological getting the upper hand. From the current market situation, it is difficult to warming is expected in May.