Monitoring data from several institutions show that since March, signs of recovery in the real estate market have increased. Experts believe that the rebound in real estate trading volume in some cities reflects, to a certain extent, the effect of the recent recovery of real estate credit and the strengthening of "policy implementation due to the city" in many places. On the whole, there are some signs of stabilization at the bottom of the market, but it will take time for it to stabilize completely. The trading volume of the first and second tier real estate market rebounded According to the data released by the China Index Research Institute (hereinafter referred to as the "China Index Institute"), the trading volume of the real estate market in representative cities has increased as a whole since March. Among them, the first and second tier cities increased significantly month on month, but the year-on-year decline was further expanded due to the high base of last year. According to the data of China Index hospital, from March 1 to 27, the total transaction volume of new houses in four first tier cities increased by 12.0% compared with February. Among them, Beijing increased significantly, reaching 80.4%; Guangzhou rose 34.0%, ranking second. On a year-on-year basis, the total transaction volume of new houses in first tier cities decreased by 44.2%. Among them, Shanghai decreased significantly, reaching 51.2%; Shenzhen ranked second, with a decline of about 44.9%. In terms of second-hand houses, according to the monitoring data of Zhongyuan Real estate, 14244 sets of second-hand houses were sold in Beijing from March 1 to 28. It is expected that the online signing will reach 16000-17000 sets in March, which is close to the transaction level at the end of "xiaoyangchun" in 2021. In terms of second tier representative cities, according to the data of the central index Institute, the total transaction volume has increased by 32.3% month on month and decreased by 47.4% year-on-year since March. Among the cities that rose month on month, Suzhou increased significantly, 67.4%; Fuzhou took the second place, with an increase of 53.4%; Wuhan rose 51.2%, ranking third. Among the key monitoring cities, Nanjing experienced a significant month on month decline of 20.8%. The total transaction volume of the third tier representative cities decreased by 10.4% month on month and 75.5% year-on-year. Southwest Securities Research Report shows that from March 1 to 26, the cumulative sales area of commercial housing in 43 cities monitored by Southwest Securities increased by 9.4% month on month and decreased by 45.8% year-on-year. Among them, the first tier cities decreased by 40.5% year-on-year and increased by 7.6% month on month; Second tier cities decreased by 41.0% year-on-year and increased by 199% month on month; 3、 The fourth tier cities decreased by 56.0% year-on-year and 6.1% month on month. "With the exception of Shanghai, the trading volume of other first tier cities has significantly warmed up, especially in Beijing, up 73.4% month on month; among the second tier cities under key monitoring, except Hangzhou and Nanjing, the trading volume of other cities has increased month on month; the third and fourth tier cities have different performances. Overall, the cities in the Yangtze River Delta, Dawan district and other regions have performed better." The research report said. Although the data given by various institutions are different, the trend of month on month increase in the trading volume of the real estate market in key cities is reflected in the data of each caliber. It will take time to fully stabilize Insiders said that since March, real estate transactions in some cities have rebounded, which is not only affected by seasonal factors, but also reflects the effect of a series of measures to stabilize the operation of the real estate market to a certain extent. However, the performance of various tier cities has been differentiated, and the third and fourth tier markets continue to adjust, with a large year-on-year decline, indicating that it will take time for the market to fully stabilize. "Since March, the transaction scale of new houses in key cities has rebounded, partly due to the impact of the low base in February. At the same time, it also shows that the effect of improving the credit environment and optimizing the regulatory policies in key cities has begun to appear, and the transaction scale in some cities has gradually bottomed out." Chen Wenjing, director of Market Research of index division of China Index Research Institute, said. China Securities News reporter noted that recently, the mortgage interest rates in Suzhou, Hangzhou, Nanjing, Wuhan and other cities have been reduced. For example, the first house loan interest rate of local banks in Hangzhou is generally reduced from about 5.7% a month ago to about 5.3% at present, and the second house loan interest rate is reduced from 5.9% to about 5.5% at present. The loan interest rate of the first house of some banks in Suzhou has been reduced to 4.6%. According to the statistics of the shell Research Institute, among the 103 cities it focuses on monitoring, 82 cities have reduced the mainstream mortgage interest rate to varying degrees. While the mortgage interest rate has fallen, the speed of mortgage lending in many cities has accelerated significantly. According to the data of Shell Research Institute, since March, the average lending cycle of 103 urban housing mortgage loans monitored has been about one month, close to the fastest speed in the third quarter of 2020. Among them, the average lending cycle in Shanghai was shortened by more than 20 days compared with the previous month. At present, nearly 50% of the urban lending cycle is less than one month, and the lending cycle of 19 cities is less than 20 days. Among them, there are 13 cities in the Yangtze River Delta. Experts believe that with the "price reduction" and "volume expansion" of housing loans, in April, some cities may usher in the release of housing demand, but in the short term, the market will still be in the process of policy optimization of the real estate market and bottom building of home ownership confidence. "On the whole, the current activity of the real estate market is not high, the confidence of home buyers has not been fundamentally repaired, the repeated epidemic in some areas has further dragged down the pace of market recovery, and it will take some time for the national market to stabilize." Chen Wenjing said. (Xinhua News Agency)