Beijing house prices dropped by more than 10% in April, about 10%

Washington (Reporter Zhang Xuedong Yang Juanjuan) Yesterday, DTZ released the "April China housing market Monthly Report", the results show that April Beijing house prices rose 0.4%, year-on-year decline of 11.07%, turnover rose 10.96%.　　Shanghai, with a 16.01% per cent quarter-on-quarter decline, became the biggest first-tier city in April. Beijing deep chain Rose, Shanghai, Shanghai, Shenzhen, Guangzhou, four first-line city, the April 2009 commodity housing prices overall chain down 2.54%, year-on-year decline of 16.13%, the volume of the chain increased by 33.82%. DTZ analysis that the increase in turnover is mainly driven by the price of rational fall. In the case of a single city, the prices of both Beijing and Shenzhen April rose by the chain. Beijing in April the price chain Rose 0.4%, down 11.07% year-on-year, Beijing April turnover rose 10.96%.　　And Shenzhen is a first-tier city in the highest price rises, April Shenzhen's house prices rose 11.23% year-on-year, up 2.01%. In contrast to Beijing and Shenzhen, both Shanghai and Guangzhou April have seen their prices fall by the chain, with Shanghai falling by the largest in the chain, and by 16.01% in April, down 26.81% per cent year-on-year.　　Guangzhou is one of the first-tier cities in the year-on-year decline in the largest, April house prices down 27.45% year-on-year, the chain down 3.74%. Price rational back to drive the transaction DTZ data show that 2009 years ago 4 months nationwide commercial housing sales area of 162 million square meters, the year-on-year growth of 18.6%, the volume of transactions exceeded the 2006-2008 average level of 21.2%. Among them, the April National commodity residential sales area of up to 59 million square meters, the chain March growth of 3.8%.　　Still continue to deal with the size of the month since 2009 the trend of monthly volume, turnover steady recovery. "Although the April top ten cities overall deal size still growth, but the one or two-line city has shown different trends." DTZ final analysis that April 2009 first-tier city commodity residential prices fell 2.54%, the price of rational decline led to volume growth 33.82%. Among them, Shanghai and Guangzhou contributed significantly; at the same time, second-tier city commodity housing prices rose by 4.48% from March, trading volume shrank by 16.77%. Although April second-tier city turnover was significantly lower, but the overall turnover remained at a high level, more than 2006-2008 second-tier cities monthly turnover of nearly 45% of the level. In view of the early inventory level has not yet been overall reversed, the continued resumption of turnover will remain the focus of the market, the developers are expected to continue to adopt a sound pricing strategy to ensure that the process of inventory to continue to accelerate.