Five city second-hand housing fell 6% or so expected future property prices continue to decline

Our News (reporter Actiau) real estate New Deal has been full of January, domestic second-hand housing market trend has been reversed, whether the market turnover or prices have different degrees of decline. According to the central Plains of China's main urban second-hand housing market monitoring data, from the recent two weeks, the domestic property market turnover has fallen to the lowest level since 2007.　　Turnover of second-hand housing in major cities such as Beijing, Shanghai, Guangzhou, Shenzhen and Tianjin fell by as much as 44% per 92% in early April respectively.　　In terms of prices, however, prices have fallen less sharply, with 5 of the city's housing prices falling by 6%, as in Beijing, 6.2% per cent, Shanghai down 5.7%, Shenzhen down 6.7%, Guangzhou down 5.3% and Tianjin down 6.4%, with the biggest declines being in Shenzhen and Tianjin. Zhongyuan Group Research Center Manager Guanving that the central regulation has been to the local property market turnover to a great blow, short-term housing turnover is bound to be difficult to recover. But for many reasons, the whole property market price adjustment is not large, indicating that the current markets are still big differences between buyers and sellers, the estimated price will remain deadlocked for some time. House prices will slow down in the next single-day of time, but turnover is likely to be on the path to a slow recovery.