Experts: Five factors have caused a rapid reversal of market sales and prices last year

Xinhua Beijing, May 5, "2010 China Real Estate Summit Forum and the" real Estate Blue Book "Conference" held today, the Chinese Academy of Social Sciences Institute of Urban Development and management of land and real estate research director Li Jingguo pointed out that 2009 year first quarter house prices the lowest, the second half of the year quickly reversed,　　First-tier cities are adjusted and reversed before other cities, and the adjustments and reversals are greater than in other cities. Li Jingguo said that prices began to decline in October 2007, the December 2008 trough, March 2009 from negative to positive, December reached 1.5%. From the year-on-year rate of housing prices adjusted later than the chain, from January 2008 onwards, the beginning of the December 2008 negative growth, lasting 6 months after the June 2009 began to appear positive, the last six months from 1% up to 7.8%.　　According to sales and sales area calculation, 2009 the National commercial housing and residential average price of 4695 yuan/square meters and 4474 yuan/square meters, respectively, than 2008 growth of 23.6% and 25.1%. Li Jingguo said that the real estate market sales and prices from the adjustment to the rapid reversal of the main reasons: first, preferential policy stimulus; second, the macroeconomic situation improved, consumer expectations change; third, the supply and demand are tight. 2009 Commercial Housing Sales area is nearly 940 million square meters, an increase of 42.1%. Completed area of 702 million square meters, an increase of 5.5%. From the commercial housing, 2009 sales area is 850 million square meters, an increase of 43.9%, completed area of 2009 to 580 million square meters, an increase of 6.2%. The difference between sales and completion determines the tight supply and demand. Four is the land price rise. After the 2 quarter of 2009 Wang Pin now and constantly refresh, the land premium rate has changed the real estate enterprises and consumers of the psychological expectations of housing prices. Five is investment and speculative demand growth. (According to China webcast)