Dawan District Index hit a record high of 0.44%
The “Central Plains Dawan District Index" released by Zhongyuan Real Estate covering 9 cities and two special zones in Dawan District, the latest June report was 114.32 points, up 0.44% from the previous month. new highs. Among the nine city indices, the increase was recorded, ranging from 0.08% to 3.49%, while the Shenzhen, Foshan and Dongguan indices reached a record high. The declines recorded in the two cities were Hong Kong and Zhaoqing, with a drop of 0.03%.
The base period of the Central Plains Guangdong, Hong Kong and Macau Bay Area Index was set in July 2017, and the base period index was set at 100 points. In the past two years, the Dawan District Index rose by 14.32% in July compared with July 2017.
Chen Yongjie, vice president and president of the residential division of Zhongyuan Real Estate, said that the trade dispute between China and the United States continued to be tight last month, which affected the confidence of buyers in the market and blocked the rise in property prices. In addition, the exchange rate factor caused the Dawan District Hong Kong Index to be in June. A slight decline was recorded, which was a narrow range. However, at the end of June, China and the United States reached a consensus to restart trade negotiations. At the same time, the Fed announced that it would not raise interest rates, bringing positive news to the property market, and the trading atmosphere gradually stabilized.