The United States lowered its forecast for property prices again.
The weakening factor has increased. Midland Real Estate has twice lowered the annual property price increase in a single month. It is forecast that the property price will rise by 15% for the whole year. It is revised to 10%. It is expected that the property price will fall by 2% to 3% in the next quarter. The market price was pushed, and the new disk premium was only 5.3%, a new quarterly low.
In June of this year, Midland Real Estate forecasted that the annual property price rose by 15%. By the end of August, Meilian Group Chairman Huang Jianye accepted the visit and said that the market sentiment deteriorated and the annual increase was adjusted to 12%.
The final price of the property price fell 2% to 3%
Yesterday, the Group revised the annual property price increase. Bu Shaoming, the chief executive of Midland Real Estate, pointed out that according to the performance index of the United States, the property price in the third quarter recorded a slight increase of about 1%, which was the lowest in the past four quarters. In response to the Sino-US trade war and stock market volatility, the trading atmosphere has turned quiet. It is expected that property prices will fall by 2% to 3% in the fourth quarter, and the annual property price will increase by about 10%. Bu Shaoming stressed that second-hand owners did not have the pressure to cut prices significantly. Although Hong Kong banks may follow the US interest rate hike in September, they believe that the market has digested relevant news and will not have a major impact on property prices.
In response to market conditions, the developers are more priced, reflecting the new premium of the difference between the new and second-hand property prices, which narrowed from a high of 20.7% in the second quarter to about 5.3% in the third quarter, reflecting the new housing at the end of June. Under the policy, the impact of vacant taxes and other measures on the price of first-hand property.
New housing policy drives new short-term supply increase
Liu Jiahui, Principal Analyst of Midland Realty, said that the pace of the launch of the new market was accelerated and the market price was “selling at the market price”, resulting in a new premium of 4.5% in the fourth quarter of 2017, which was the lowest in the past seven quarters. As for the government’s requirement for developers to sell at least 20% of the total amount of the project, Liu Jiahui expects that the supply will increase in the short term, and the total number of units in the fourth quarter will be up to about 9,029. The new disk premium still has a slight downward adjustment.
Different reference indices in the market also showed that the property market sentiment deteriorated. The Central Plains Valuation Index (main bank) CVI fell below 70 points before the US interest rate, the latest reported 67.19 points, down 4.17 points per week, which is the lowest since October 2017, reflecting the bank’s apparent decline in mortgages, property prices rose The situation is blocked.
The second procedure recorded a reduction in price, and the three-bedroom household in the leading city of Kangcheng, fell below 12,000 yuan. Lin Zhijian, the sales manager of Midland Realty Branch, pointed out that the six extremely low-level RC rooms in Lead Peak have a usable area of 733 square feet. The asking price has reached 9 million yuan. It is now sold at 8.25 million yuan, with a reduction of 750,000 yuan and a price of 11,255 yuan. The original owner entered the market with 3.873 million in 2009, and the book profit was 4.377 million yuan, an appreciation of 1.1 times.