However, after a short period of stimulation, second-hand houses in Hangzhou began to enter the downward channel of falling volume and price in July, and some sectors with inflated prices gradually revealed their true colors, and the phenomenon of upside-down prices of first-hand houses and second-hand houses no longer existed. According to the data of the Central Finger Research Institute, in August this year, the average price of second-hand houses in Hangzhou ushered in the first month-on-month decline in 24 months, ending the trend of continuous increase in the past two years.
Since September, four counties in Hangzhou have introduced a new property market policy, giving subsidies to property buyers. However, the confidence of front-line practitioners is still low, and the second-hand housing market is still hovering at the bottom.
The second-hand price of "red plate" keeps falling.
In May this year 17, Hangzhou issued the "Notice on Further Promoting the Stable and Healthy Development of the Real Estate Market", which was called "5 17 Property Market New Deal" by the industry to save the second-hand housing market, just like injecting a shot in the arm into the depressed market.
The effect of "5 17 new property market policy" was immediate. In the month of introduction, the number of second-hand residential transactions in the eighth district of Hangzhou's main city increased by 1 12% from the previous month. However, the prescription of "a shot in the arm" is limited. After just over a month, the transaction volume of the second-hand housing market in Hangzhou fell again. The latest data shows that the transaction volume of second-hand houses in Hangzhou has fallen back to the level before the New Deal in August this year.
Due to the different statistical caliber, the data given by various research institutions in the second-hand housing market in Hangzhou are also different, but overall, the second-hand housing in Hangzhou is in the downward channel of falling volume and price.
According to the latest data released by the Central Finger Research Institute recently, in August this year, about 3,300 sets of second-hand houses were sold in Hangzhou, down nearly 10% from the previous month. The average price of second-hand houses ushered in the first month-on-month decline in 24 months, with a decrease of 0.04%, ending the continuous upward trend in the past two years.
According to the data of Qianbaohao Life Research Institute and Yiju Research Institute, in May and June, 2022, the transaction volume of second-hand houses in Hangzhou (including Fuyang and excluding Lin 'an) was 4,877 and 6,738 respectively, while the number of transactions in July and August decreased to 5 183 and 467 1 respectively.
According to the statistics of transparent house sales network in Hangzhou's official background, in August 2022, Hangzhou Network signed more than 5,600 sets of orders, down 5% from the previous month; Excluding the data of Lin' an District, more than 5,300 sets were signed online in August, down 5% year-on-year. The number of newly listed houses, tourists and visitors continued to decline, but it rebounded slightly in the second half of August. Compared with the first half of August, the number of visitors increased by 10% and the shell platform increased by 16%, but the confidence of front-line practitioners remained low.
After two consecutive months of downturn, the upside-down price difference of second-hand houses in Hangzhou is further narrowing. In some sectors that used to have inflated housing prices, the transaction price of second-hand houses has completely fallen, which is at the same level as the price limit of new houses in the region.
Take the future science and technology city with serious bubble as an example. The price limit of new houses in this area is 42,520 yuan/square meter. In July and August this year, Branch Holding Company * * * clinched two houses in Sunshine City Future Yue Max, with average prices of 42,357 yuan/square meter and 4 138 1 yuan/square meter respectively.
Sunshine City Future Yue Max was once a hot spot, and the listing price of second-hand houses was as high as 90,000 yuan/square meter. But now there are 97 brand-new second-hand houses hanging on the platform of Ke Holdings Inc, and the owners who are eager to sell have been reducing their prices. At the end of May this year, after the release of "5. 17 Property Market New Deal", the transaction price of second-hand houses in this community was still 54,830 yuan/square meter. In just over three months, the transaction unit price fell by more than 10,000 yuan.
4 districts and counties introduced new policies to stimulate the property market.
In fact, in the national real estate market, Hangzhou market has always been a stable type, but the recent recession not only exists in the second-hand housing market, but also affects the new housing market. Four suburban counties in Hangzhou (including county-level cities) took the lead in loosening the property market policy, and all of them gave subsidies to buyers.
At the beginning of September, Fuyang District, Hangzhou issued "Several Opinions on Attracting Talents to Help Strong Industrial Areas", in which many new policies all point to real estate, including paying social security for one month to obtain the qualification to buy a house, giving priority to "F4" talents to buy a house in Fuyang, relaxing the purchase restriction on second homes, halving the deed tax on house purchase, transportation subsidies, and group purchase preferential purchase funds, which were interpreted by the outside world as further loosening of Fuyang property market and "canceling the purchase restriction".
Then, on September 8th, jiande city announced in the New Deal of the property market that Jiande people, families with two children and families with three children would be given a subsidy of 1%-3% of the purchase price when purchasing new houses, with the maximum subsidy not exceeding 50,000 yuan. At the same time, 80% deed tax subsidy will be given to the buyers, and the maximum subsidy for a single set will not exceed 30,000 yuan. Non-Jiande household registration to buy a new house, giving a one-time housing subsidy of 20,000 yuan/set.
On September 9, Chun 'an County, Hangzhou also released a new property market policy. The registered population, migrant population and young graduates in this county will be given a housing subsidy of 200 yuan/m2 when buying a new house or buying a new house for the first time, with a maximum subsidy of 20,000 yuan. At the same time, property buyers enjoy deed tax subsidy, 80% deed tax, and the maximum subsidy for a single set does not exceed 30,000 yuan. If you buy a house by group purchase, the developer will give you a 2%-5% discount.
On September 10, Lin' an District of Hangzhou issued the Opinions on Further Promoting the Healthy and Orderly Development of the Real Estate Market in Lin' an District, which proposed that Lin' an would implement housing purchase subsidies to support the just-needed and improved housing demand. According to "Several Opinions on Courtesy Talents", doctors, masters, undergraduates and college graduates of ordinary colleges and universities who started their businesses in Lin 'an from September 15, 2022 to March 14, 2023 and bought ordinary commercial housing for the first time will be given certain housing subsidies. Encourage commercial banks to reasonably determine the down payment ratio and commercial loan interest rate on the basis of objective risk assessment, speed up loan approval, strengthen financing services for real estate projects, improve financing docking mechanism, and maintain stable growth of real estate credit.
RealData Hangzhou Branch believes that the Hangzhou market is currently in a situation of weak expectations and slow confidence recovery. In the first eight months, the market showed a trajectory of "upward-popularity-downward-boosting-downward", and further stimulation is still needed to boost market rigidity and improve housing demand. Fuyang relaxes the purchase restriction, and the property market in various regions of Hangzhou is seriously divided, or it will be further regulated and precise, "because of the district policy". Up to now, the second-hand market has bottomed out in the short term, but the recovery will be a slow and gentle process, and the market will linger at the bottom for a longer period than in the past.