and hit a new high since the past 18 months. Into 2014

volume continued to shrink this year, so that Beijing's housing stock steadily rising, as of June 20, the Beijing Forward House residential homes and existing homes inventory was 46,117 units and 34,727 units, total inventory 80,844 units. This is after January 1, 2013, Beijing housing stock reached a high of 80,038 units, the data reaches more than 80,000 sets again, and hit a new high since the past 18 months. Into 2014, stocks have soared from Beijing Residential lowest point in five years to 55,000 units over 80,000 units.

volume continued to decline

In fact, the market for Beijing housing stock hit a new high since the past 18 months is not surprising. According to Centaline Property Research Department data show that the first five months of the Beijing real estate (including all new residential, commercial, Cheap 49ers Jerseys parking, etc.) the total transaction area of ​​4,278,100 square meters, excluding affordable housing part, purely residential property transaction area of ​​only 2.4 million square feet m is the minimum value of nearly eight years.

months ago, all new properties in Beijing a total of 98.31 billion yuan of the total contract amount, average turnover of 22,979 yuan / square meter, compared with the same period of 147.24 billion yuan Cheap Patriots Jerseys in 2013 Cheap Bills Jerseys fell by 33.2%. Net turnover of 64.27 billion yuan of residential properties, representing 98.03 billion yuan over the same period in 2013 reduced by 34.4%.

into June, the weak state volume has not changed, Ya Ho agency statistics show into the first week of June, the Beijing commercial housing transactions only 457 sets of closing an area 50,600 square meters, Transacted turnover area of ​​the chain dropped 59% and 61%, respectively, and the weekly trading volume also hit a record low this year, weekly sales of commercial housing.

Meanwhile, as of June 16, the total contract month 2889 Beijing second-hand housing units, the lowest value in recent years, year, the chain also decreased significantly. The industry is expected in June, Beijing second-hand housing contract volume reached 7,000 sets have difficulty scale, will continue to hover at the bottom. Currently, the Beijing second-hand housing turnover during the year was less than in March 2013 in a single month of 43,780 units.

the current market situation, the Central Plains real estate chief analyst Zhang Dawei said that the state of the Beijing property market has changed from 2013 buyers wait for the collective panic buyers, buyers fear the high point market, the market price of the latter again face adjustments.

"property under the impact of credit tightening, rising fatigue, loans affected by the largest second-hand housing prices continued to fall, trading volume continued to shrink in 2013, the Beijing second-hand housing market, prices rose more than the limit being affected new housing. recent credit pressures significantly, since the housing market get together, second-hand housing prices have declined for six consecutive months from the beginning of December appeared. "said Zhang Dawei.

difficult to fine-tune the impact of credit market

In addition, the recent credit policy fine-tuning, the industry also generally find it difficult to really affect the real estate market. It is reported that on May 12, the central bank released the "central five" requiring commercial banks to return to the normalization of the first mortgage, Cheap Panthers Jerseys first-time home buyers mortgage loans, loans to improve efficiency; some local governments are also trying to adjust policies to stimulate demand; June 9 , the central bank also decided since June 16 for a particular commercial bank RRR 0.5%.

In this regard, the relevant report that the release of certain semi-directional drop liquidity, the size of the current real estate market is affected or will be limited. First, have a clear directional drop quasi-oriented funds are not fully relaxed, the main purpose is to promote structural adjustment credit, promote capital flows needed to support the Cheap Titans Jerseys real economy in the area twice a clear drop quasi-oriented directional flow of funds to promote the "three rural "micro and small enterprises, channel funds directly into real estate is not clear. Secondly, the release of quasi-directional drop less mobile. It is estimated that, on June 16 to meet the conditions for commercial banks to lower the deposit reserve, releasing liquidity of about 100 billion yuan, lower than the overall drop prospective release of liquidity directly. We can say that the limited size of the flow of real estate funds, real estate development is difficult to have a direct and effective stimulation.

Dawei said, "For the market, unless a significant RRR, or the central bank set up a separate non-profit organization for the first suite of real estate loans, real estate loans otherwise difficult to present trend will continue. Meanwhile, some banks measures in response to the central bank, is likely to improve the efficiency of loan approval, and on the market, the impact is minimal. "