Wind Vane of the Real Estate Market in NingBoThe following are some wind direction indicators for the property market in Hangzhou:
** 1. Sales data **
1. ** Commercial housing transactions in November **
- The city's six districts traded 2031 sets of commercial residential houses, reaching the 2000-unit mark for the second month in a row, 638 fewer than October, a month-on-month decline of about 24%, but an increase of about 66% compared to November last year.
- From January to November 2024, the transaction area of commercial residential buildings (excluding affordable housing) in Hangzhou was 413,900 square meters, with a month-on-month decrease of 15.18% and a year-on-year growth of 27.79%; the number of transactions was 3227, with a month-on-month decrease of 20.04% and a year-on-year growth of 15.87%.
2. ** Sales Value and Company Ranking **
- From January to November of 2024, the sales amount of the top 20 real estate enterprises in Zhejiang Province was 67.778 billion yuan, and the sales area was 2,620,700 square meters. The top 5 real estate companies in terms of sales volume were Greentown China, Poly Development, Zhonghai Real Estate, Poly Real Estate, and Wanke.
- According to the list of commercial residential sales amount, from January to November 2024, the total sales amount of the top 20 projects in the list of commercial residential sales amount was 31.955 billion yuan, with an average value of 1.598 billion yuan, and the threshold of the list of commercial residential sales amount was 1.095 billion yuan.
3. ** Regional differences **
- In November, the overall new housing market in Hangzhou fell back but basically continued to warm up. Due to the high price of Baoli Minghu Jinmao Mansion and the stable sales in the core area of Yinzhou, the price of new houses continued to climb, among which the transaction volume price of Yinzhou District led the whole city.
- From January to November 2024, Yinzhou District, Haishu District, Zhenhai District and other areas were the areas with the highest average transaction price of commercial residential buildings (excluding affordable housing) in Zhejiang Province. Cixi City, Ninghai County, Qianwan New Area, etc., where the average transaction price rose year-on-year, rose by 10.9%, 4.0% and 3.1% respectively.
- From January to November 2024, Yinzhou District, Fenghua District, Qianwan New District and other areas were the main areas for the transaction of commercial residential buildings (excluding affordable housing) in Hangzhou, with a total transaction volume of 1,773,100 square meters, accounting for 45.8% of the city's transaction area. The areas with a year-on-year increase in transaction area were Haishu District, Qianwan New District, Jiangbei District, etc.
** 2. Price **
1. ** Price of New Houses **
- In November 2024, the average price of new residential buildings in Hangzhou was 20297 yuan/m2, up 1.34% month-on-month and 1.71% year-on-year. The increase was 1.09% higher than that of the same period last year.
2. ** Second-hand house price **
- In November, the volume and price of second-hand houses in Hangzhou stabilized, laying a solid foundation for the recovery of the real estate market.
** 3. Policy-wise **
1. ** Provident fund policy **
- On July 9th, the loan limit of the public accumulation fund was adjusted from 15 times to 20 times, but the loan limit did not change. The first set of 20% and the second set of 25% of the public accumulation fund (down payment) were implemented from July 9th.
2. ** House purchase subsidy policy **
- The housing subsidy was extended to the end of December.
** 4. Land market **
- From January to November 2024, the average floor price of the transaction in Hangzhou was 11360 yuan/m2, up 0.23% year-on-year; the average premium rate was 3.44%, and the residential land transfer fee reached 21.399 billion yuan. This month Ningbo City the land transactions and new projects in the surrounding counties and cities were the main focus, and more high-quality plots were expected to enter the market.
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