2014-10-22

Existing Homes Sales Still Picking Up in Beijing

Two Beijing real estate agencies are on pace to hit 17,000 sales in October, up from the 9109 sales the two combined for in September. Since their market share is 55%, analysts are extrapolating sales citywide hitting 11,500 already, while one insider at another agency thinks sales have already hit 16,000 homes. Average transaction price increased 2.6% in the past week, and another agency that measures bargaining room says the space for haggling has shrunk from over 3% in early October to 2.6% last week.

iFeng: 房贷松绑20天作用渐显 京二手房签约量激增

Mortgage deregulation 20 days stimulation gradually

Beijing second-hand housing contract volume surge

Stimulus policies favorable to the secondary housing market is gradually revealed. Yesterday, reporter learned from a number of agencies into October customer inquiries and turnover are rapidly rising, as of the 20th, the Beijing market share of the two largest agencies - the chain of family and I love my family actually second-hand housing turnover reached 6500 sets monthly volume is expected to reach 17,000 full sets. The Beijing Municipal Construction Committee official statistics, in September net signed volume of only 9109 sets of second-hand housing.

Intermediary contract volume surge

According to agency sources, before 20 days of this month, the Beijing market share of the two largest second-hand housing agency sets the actual volume of 6500, "the two agencies share in the Beijing market is about 55%, according to This estimate, Beijing current actual volume of 11,500 units, a full month of actual volume is expected to be around 17,000 units. "According to a well-known Beijing agency insiders privately revealed enter October to now, several large intermediary has turnover of 16,000 sets. But others in the industry that the data has not been peer recognition.

Since August this year, the second-hand housing transactions gradually warmed, according to the Beijing Municipal Construction Committee data, in August 9694 Beijing second-hand housing turnover tally sets, in September of second-hand housing turnover reached 9109 units. With current trends, October transaction data will be more eye-catching. An intermediary sources, store it in the current performance has been second only to the 2013 buyers transaction tax grab that last car of the trading volume.

Yet reflect the amount of net signed

However, despite a significant increase in the actual transaction data, but net signed data is not evident. According to Albert I love my family statistics show that in October before the 20 days of net signed data for 3866 sets. Chain of home real estate market research Zhang Xu told reporters, net signed data is lagging behind, the current net signed data does not show the actual volume, estimated in accordance with the current situation, this month, the actual volume of second-hand housing certainly million units or more.

Centaline Dawei, chief analyst also said that net signed data lag, the impact of credit market deregulation policies gradually reflected, in fact all over the volume rose significantly since the National Day. Centaline data show that in October, more than 40 cities have a significant rise in actual sales, a second-hand housing rose an average of 76.9%.

Bargaining more difficult

According to the chain of home real estate market research statistics, the third week of October, Beijing second-hand housing transaction price of 28,137 yuan / square meter, up 2.8 percent over the previous week. From the transaction structure, the last week, the downtown Volume growth accounted for relatively 3.69 percent the previous week, to a certain extent, raised the average transaction price.

October third week Homelink Transactions in the bargaining space for 2.6%, down 0.2 percentage point from the previous week, the bargaining room for further narrowing; beginning from the second week of October, two weeks at the bargaining space has been below 3% level, and there is further narrowing trend.

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