House prices fall for the first time in 14 months

May, the country's 70 large and medium-sized cities prices rose by 14-month low.　　70 large and medium-sized commercial housing sales area of 67.77 million square meters, less than 15.8% last month.　　Guangzhou house prices rose 8% Year-on-year, the chain fell 0.4%. Xinhua News (Reporter Zhang Zhonghan) The latest data released by the National Bureau of Statistics show that the real estate control effect initially appeared, the country's 70 large and medium-sized cities in May this year, the first drop in 14 months, and the chain Rose also hit a 14-month low.　　Guangzhou house prices rose 8% Year-on-year, the chain fell 0.4%. In addition, the commercial housing sales have obvious correction, sales area of the chain fell more than comprised.　　Industry experts said the property market regulation is still continuing, there will be more and more developers to enter the ranks of the price. Figures released yesterday by the National Bureau of Statistics show that the effect of regulation is initially apparent due to various policy overlays. May China's 70 large and medium-sized housing prices year-on-year rise, although up to 12.4%, but 0.4% smaller than April, is the first time since April 2009 decline.　　On the chain, 70 cities rose 0.2% last month, down 1.2% from April, or at a 14-month low.　　Figures show that May average residential sales prices rose 16.3%, while high-end residential sales prices rose by nearly 20%. It is noteworthy that the national commercial housing sales also appeared to fall significantly.　　May, commercial housing sales area of 67.77 million square meters, less than 15.8% last month. Financial situation developers "not bad money" has become a false proposition reporter statistics found that, although the new Deal regulation since May, developers loans and personal mortgages continue to grow. However, the proportion of developers ' self-financing has increased sharply.　　Experts said that the development of enterprise funds the most lenient point has passed, "not bad money" into a pseudo proposition. Data show that in January-May, real estate development enterprises funding 2.7288 trillion yuan this year, an increase of 57.2% year-on-year, the increase is 2.7% lower than January-April.　　However, the bank involved in real estate credit continued to grow, of which the May developers received domestic loans of 99.8 billion yuan, and April only 87.8 billion yuan, the chain growth of 13.67%. In the National Real Estate Development Index, developers this year, the source of funds for the classification index of 116.69, compared to April fall 1.46 points.　　This means that the real estate enterprise funds loose basic past, if the sales slump, will directly affect the capital chain. The first five months of the national Real estate development investment 1.3917 trillion yuan, an increase of 38.2%, compared to 1 ~ April increase of 2%, continue to be at a high level.　　But the impact of tough regulatory policies, the next step, the investment enthusiasm of developers will gradually cool down, it is expected that this increase will soon reach the top. Future forecast housing market "inflection point" or now sales callback, developers to reduce the area, and the impact of macro-control policy, the legendary property market inflection point seems to be approaching. Some industry insiders said that the national price chain negative growth may be in June orAppeared in the three quarter. Data show that May second-hand residential sales prices fell by 0.4% per cent, a 2.1% lower than April. This reflects the rapid departure of market investment and speculative action under the policy crackdown.　　The latest data from Zhongyuan real Estate show that the May Beijing-Shanghai spike in the five major cities of second-hand housing turnover fell to the lowest since 2007, second-hand housing prices also showed a marked decline. Prices for new homes are still rising. However, I love my vice-president, Hu Jinghui, who predicts that this rise will not last for a long time, and that house prices will have negative growth after June.　　Zhongyuan Real Estate research director Zhang Dawei is also expected to start from June, housing prices will be negative. Yang Hongxu, Minister of comprehensive Research at the Shanghai Institute of Real Estate, said that real estate regulation could not be lax in the short term, at least before a reasonable price cut in first-tier cities. In addition, the market changes in quantity earlier than the price change, turnover after the price will fall.