Beijing were bottoming out, the market has become increasingly active

2008 Beijing property market is very sensitive for the year, on the one hand the Olympic Games has finally come to the property market in the Olympics for several years driven by the high economic growth it will continue to » On the other hand the property market will face a new round of macro-control, credit crunch and increase inflationary pressures, it is now most concerned about the future will be how the property market » According to the Beijing Municipal Bureau of Statistics show that 1-April domestic sales of goods city area of 1.813 million square meters, down 54 percent, or the first quarter expansion of 6.1 percentage points. Among them, existing home sales area of 483,000 square meters, Qi Fang sales of 1.33 million square meters, were down 47 percent and 56 percent. From the past few months has, in 2008 the average for 2006-2007, only one-third to one half, thanks to the "credit crunch" result. This makes this year's market has unlimited potential. Although turnover dropped, but the average property prices have not dropped, city statistics show that in April new home sales price rose 16.1 percent, continue to put up with the trend of decline, this is the reason for this » Since 2006, and new construction since the start of continuous decline, resulting in the completion of this year substantially reduced, 1-April completed residential area of goods dropped by 33.7 percent, a number of developers also postponed the event of the time to market, the market for consumers in the selection of The availability less and less, in particular the supply of major urban areas is still tense, with some buyers adopted a wait-and-see Chibi, leading to the decline in turnover, and turnover is also the developer of the downturn gradually division, ample cash Tai Shan still sit tight, tun up the question, while the cash tension started various promotional activities to recovery of funds as soon as possible. Into May, the turnover situation has significantly improved, from Beijing's management of real estate transactions online statistics, we can see that in May of residential contract Tao Shu Qi Fang online for 6698 sets the ring in April rose 35 percent on the property market There were signs of bottoming out rebounded, with the summer arrival of two of the season, the market transactions will be increasingly active. Change the prices of the main supply is subject to the impact of relations in recent years, the continuous improvement of people's living standards so that the rapid growth of housing demand, supply and demand imbalance has led to rising house prices, and this situation is also difficult in the short term to ease , The overall market is expected to be mainly for personal use, with maintaining the basic stability, and gradually rising trend is most likely to affect future price factor is the large number of affordable housing and the introduction of commercial housing prices, but two types of protection of housing The location of all will be further away from the urban areas, although security of supply of housing could increase the overall price of the Beijing property market or down, but the rings, the average housing prices will continue to steadily rise, the price of the year Will also maintain Wenzhongyousheng. In short, from a turnover point of view, the worst of times has passed, we have nothing to worry about.