Beijing News Express (Reporter Zhang Xiaolan) January 3, Shell Research Institute released the 2019 second-hand housing market annual report. The report points out that in 2019, the number of second-hand housing net signings in the city was 10,000, down% from the same period last year. In terms of house prices, the average transaction price of second-hand housing in Beijing in 2019 is equal to 2018. Beijing second-hand housing market is in the transition from \"seller's market\" to \"buyer's market \". The report expects Beijing's second-hand housing market to remain low and steady in 2020, with trading volumes stable at around 150,000 units and prices fluctuating within 5 per cent.
Before this round of regulation and control in 2017, Beijing second-hand housing sold ten thousand sets per month, after the regulation and control of the monthly transaction of ten thousand sets. The report shows that the city's second-hand housing network signed up to 10,000 units in 2019, down% from the same period last year. The city's second-hand housing volume stayed low at around 150,000 units in the three years after regulation, down nearly half from its 2016 peak of 270,000 units.
On the house price side, the report shows that unlike the previous regulation of house prices all the way up, the average transaction price after regulation and control with the volume fluctuations and slightly up, down,2019 full-year average with 2018. The average transaction price for second-hand housing in Beijing in December 2019 was 10,000 yuan per square meter, down 12 percent from its historical peak in the month of regulation, and prices in Beijing were no longer \"the first in the mainland\" at the end of 2019.
In the performance of the various regions, the report noted that in the pre-regulation of the market, the outside urban areas such as Tongzhou, Daxing and Mentougou prices rose significantly. And after the regulation, the central city showed a good resilience, compared with the first quarter of 2017, Xicheng fell less than 6% in the fourth quarter of 2019, Haidian, Dongcheng and Chaoyang, and other house prices fell relatively small, while the peripheral city fell ahead.
It is worth mentioning that under the high-pressure policy, house prices fell, buyers into a wait-and-see, no longer affected by the panic of the market mood, but more to see the election. Before the regulation, it took an average of 40 days for Beijing buyers to buy a house, and the transaction cycle continued to stretch to more than three months after the regulation, and the customer's rapid transaction rate fell from 64% to 36%.
It is worth mentioning that the position of buyers in the transaction is gradually rising, reflecting the bargaining space of their price negotiation power from less than 2% before the regulation to 5% at the end of 2019, and the second-hand housing market in Beijing is transitioning from \"seller market\" to \"buyer market \".
According to the report, buyers of the wait-and-see market can be sold on the backlog of housing, owners to sell more difficult. At the end of 2019, the period of degeneration of the Beijing chain's stock house was as high as months, with owners looking to sell their homes for an average of nearly four months. Owners of the property to sell on the basis of feedback several times to reduce the price, in 2019, the last listed price of the Beijing Lianjia transaction house price of 5.19 million yuan per set, while the average price of the transaction house price of 5 million yuan per set, meaning that from the negotiation to the transaction process, the owner also needs to reduce the price of nearly 200,000 yuan per set. Review regulation night \"seller quote 7.28 million yuan, buyers from 7:00 haggle to 11 pm,7.45 million yuan deal \", buyers and sellers of the location of the swap occurred.
The report also showed that 50 percent of Beijing house changers were aged over 40 in 2019, compared with just 36 percent in 2016 before regulation. Double the down payment, so that the age of the replacement shift, the average area has also been reduced. The average floor area after the change of rooms in 2019 was expanded, shrinking square meters from the level of about 19 square meters before regulation.
The report points out that in the fourth year after Beijing's second-hand housing market entered regulation and control, the policy will not be greatly relaxed, the market supply and demand contradictions will be greatly eased, the market is expected to be stable, Beijing's second-hand housing market will continue its low stability trend, and the volume of second-hand housing is expected to remain stable at around 150,000 units in 2020, with prices fluctuating within 5%.