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Real estate market correction is continuing

on November 11, the statistics said investment in the first 10 months of this year of a national real estate development and sales.   From a data perspective, real estate investment has continued to fall, the national real estate market correction is continuing.

statistics show that the first 10 months, a national real estate investment 7.8801 trillion yuan, compared with nominal growth 2% growth than the previous 9 months fallen 0.6%.   Although the growth rate is still in the back channel, but there have been some new changes in the real estate market.

first of all, residential investment and investments in key cities is an important force in supporting the national growth of real estate investment.   The first 10 months of this year, national real estate investment 5.315 trillion yuan, accounted for the proportion of investment in real estate development at 67.4%.

Secondly, investment in real estate development for China's fixed assets investment role further weakened. The first 10 months, China's fixed assets investment of 44.7425 trillion yuan, 10.2% per cent nominal growth.   While the proportion of investment in fixed assets investment in real estate development 17.6%, down from 19% in the same period last year to 1.4%.

again, the "one drop" lay the basic pattern of the property market. The first 10 months of this year, the country real estate sales of 6.48 trillion yuan, an increase of 14.9%, growth fell by 0.4%. Among them, the residential sales 18%, 19.2% Office sales growth, commercial business premises 2.2% drop in sales.   National Bureau of statistics says investment Division senior statistician Li Jiao, national commercial housing sales growth down slightly, partly due to the non-commercial housing sales growth in key cities fell, pulling national sales total downward, with a focus on urban housing flat sales growth in first 9 months, become a market of "stabilizers"; and partly because large domestic sales growth to fall greatly.

in a series of data, a data is particularly noteworthy, namely, real estate for sale area. It to a certain extent, reflect the current inventory status of China's real estate market. According to the end of October, pending 686.32 million square meters of commercial housing, increased 21.22 million square meters over the end of September. The first three quarters of the country for sale 665.1 million square meters of commercial housing, according to media reports, calculated in accordance with China's per capita housing area of 30 square meters, "vacant" houses available for some 22 million people live. It can be seen that inventory has become an important factor restricting the development of real estate market.



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