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China's real estate market continues to show signs of slowing down in stability. The latest increase in house prices in September announced by the Bureau of statistics dropped to a new low in a year on year, with a steady rise in the month on month. The number of cities where the prices of new and second-hand houses fell increased. Under the condition that the decision-makers continue to emphasize "no speculation on housing" and the pressure on the financing side, the real estate market is expected to continue the overall trend of a small drop in temperature.
According to data released by China's National Bureau of statistics on Monday, the price index of newly built commercial housing in 70 large and medium-sized cities rose 8.4% year-on-year in September, lower than the 8.8% rise last month and a new one-year low. The house price has been rising for four consecutive years year-on-year; the month on month rise was flat at 0.5% last month and has been rising for 53 consecutive months.
"The tightening of real estate financing restricts the supply and demand of the industry. The phenomenon of real estate enterprises exchanging price for quantity is increasing. The market wait-and-see mood is increasing. The overall housing price is stable, and the growth rate is generally flat or declining." Xia Dan, senior researcher of Bank of communications Financial Research Center, said.
According to Reuters estimates, 53 cities rose in September (55 last month), five were flat (five last month) and 12 fell (10 last month). Second hand housing prices rose to 28 in September after falling in 20 cities for three consecutive months.
Kong Peng, chief statistician of the urban division of the Bureau of statistics, said that in September, all localities resolutely implemented the deployment of the Party Central Committee and the State Council, adhered to the positioning of "no speculation in housing", further implemented the long-term management mechanism of real estate, and the overall price of the real estate market was stable with slight rise and fall.
"The positioning of real estate is very clear," real estate is not speculation ", and real estate is not used as a short-term means of stimulating the economy. In general, the development of real estate is stable, healthy and orderly. " Mao Shengyong, a spokesman for the Bureau of statistics, said earlier at the conference.


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