Midland Real Estate prices fell 3% in the final quarter

The property market has reversed, second-hand trading has turned weak, and the United States, which had earlier considered that the property price has stopped rising in the second half of the year, further believes that property prices will peak in the short-term, and it is expected that there will be a chance to fall 2% to 3% in the fourth quarter. The price increase narrowed to 10%.

The annual increase will narrow to 10%

Bu Shaoming, chief executive of Midland Real Estate, said that the US property price index rose about 12.2% in the first seven months of this year, the biggest increase in the same period in six years. However, since July, the trading volume has turned from a prosperous and the property price has lost. power. The U.S. property price index fell 0.5% last week, hitting a seven-week low.

He pointed out that the current market is dominated by weak factors, the Sino-US trade war has deteriorated, and the stock market has fluctuated abnormally. It has already covered favorable factors. It is estimated that there will be downward pressure on property prices in the fourth quarter, and the overall price will fall by 2% to 3%. The annual property price increase is about 10%. However, he believes that the second-hand industry has strong cargo capacity and has not seen a large price hike. Therefore, the rate of property price correction may not be too large.

Liu Jiahui, chief analyst of Midland Real Estate, predicts that the number of second-hand residential registrations will fall to 2,600 in September, a decrease of 24.4% from 3,437 in August, a 30-month low; It fell to the level of Wanzong, to about 8,000, a new low in the 11th quarter.

In the face of second-hand quietness, developers pushed at the market price. The new premium in the third quarter was 5.3%, which was the lowest level in the past seven quarters, reflecting the close proximity to second-hand prices. He said that the developers launched a number of mortgage concessions to attract customers, forming a situation of first-hand and second-hand static.