The government strongly controlled the first decline in the average residential price in Baicheng in September

The average price of the ten largest cities was similar to that in August, of which six cities fell under the government's strong control, and the overall turnover of the residential market gradually shrank. According to the results of the monitoring conducted by the China Index Institute in 100 cities across the country, the average price of residential properties in the 100 cities across the country fell by 0.03% in September from the previous month. This is also the first time that the average price of residential properties in Baicheng City has dropped this year.

According to data from the China Index Institute, in September 2011, the average price of residential houses in 100 cities across the country was 8,877 yuan per square meter, a decrease of 0.03% compared with August, the first decline since September last year, of which 54 cities were linked rise.

According to statistics from reporters, since March of this year, the number of housing prices rose from the previous month and the number of cities fell for six consecutive months, 80 in February, and in September, only 54 cities out of 100 cities had risen, and the increase was smaller, the chain was up and down. There are a total of 81 cities within 1%.

In addition, according to the Baicheng Price Index, a survey on the full sample of [the latest news price units] in ten major cities such as Beijing, the average price of the top ten cities in September was 15,786 yuan per square meter, which was basically the same as in August. Specifically, prices in four cities such as Wuhan, Beijing, Guangzhou, and Nanjing rose in August from the previous month. Although there was an increase, the increase was very small, and the increase was within 0.5%. Six cities including Shanghai, Shenzhen, and Hangzhou experienced declines in comparison, with Chongqing (main city) falling the most, and the other five cities falling within 1%.

Compared with September last year, the top ten cities all showed rises, with the average price rising by 3.45%. Among them, five cities such as Beijing and Shanghai gained between 1% and 5%; Hangzhou saw the smallest increase, 0.58%.

● Analysis of September may become the inflection point of the famous real estate economist Xie Yifeng said that the property market has been under the control of the State Council for 18 months, the first decline this year, indicating that the expected effect of curbing prices in some cities, too fast is expected to show. In September, it is very likely to become the turning point of this regulation. In fact, judging from the current situation, the front-line big cities have already experienced a serious wave of wait-and-see attitudes. Some homebuyers have now started watching and waiting for housing prices to fall. With the continuous deepening of regulation and control, more and more developers will join the ranks of price reduction and security in exchange for cash as a “cotton jacket” for the winter.

In addition, the market's vigorous demand for rigid demand and improvement in the purchase and investment of active demand, coupled with the current high rate of fluctuations in the inflation rate, it is predicted that there will still be inflation expectations next year. Therefore, house prices will not drastically fall for the remaining three months, and house prices will remain stable for the rest of the year.