New house prices in Nanjing are rising again after 70 cities’ housing prices are released in February.

2022-06-25 0 By

Today, the National Bureau of Statistics released the “70 Large and Medium-sized Cities in February 2022 commercial Housing Sales Price changes” showed that in February 2022, Nanjing new house prices rose 0.7% month-on-month, up 4.1% year on year, second-hand house prices fell 0.8% month-on-month, up 1.3% year on year.Following January, new house prices in Nanjing increased by 0.1% month-on-month and 4.0% year-on-year;Second home prices rose again after falling 0.6% month-on-month and rising 2.7% year on year.It is worth mentioning that new home prices in Nanjing rose for the third consecutive month after falling once in November last year, and the second-hand home sector fell 0.8 percent month-on-month.First-tier cities in February from commodity housing sales prices lower-tier cities from flat or falling, National Bureau of Statistics, the city department chief statistician rope National Day reading commodity housing sales price movements in February 2022 statistics in February, 2022, 70 large and medium-sized cities, first-tier cities from new commodity housing and second-hand housing sales prices,Second – and third-tier cities were flat or decreased from the previous month;The year-on-year growth in commercial housing prices in first – and second-tier cities fell or remained flat, while those in third-tier cities fell.In February, the sales prices of newly built commercial homes in first-tier cities rose 0.5 percent month-on-month, 0.1 percentage points lower than the previous month, with Beijing, Shanghai, Guangzhou and Shenzhen up 0.6 percent, 0.5 percent, 0.6 percent and 0.4 percent, respectively.Previously owned homes in first-tier cities rose 0.5 percent month-on-month, up 0.4 percentage points from the previous month, with Beijing, Shanghai and Guangzhou up 0.7 percent, 0.9 percent and 0.6 percent, respectively, and Shenzhen down 0.2 percent.New home prices in second-tier cities were flat month-on-month, up 0.1%.Second – hand housing fell 0.3 percent, 0.1 percentage points more than the previous month.The price of newly built commercial housing in third-tier cities fell by 0.3% month-on-month, 0.1 percentage points more than the previous month.Previously owned homes fell 0.4 per cent month-on-month, the same decline as the previous month.In February, of 70 large and medium-sized cities, 27 and 10 saw month-on-month increases in new home prices, while 40 and 57 saw month-on-month declines.In February, new home prices in first-tier cities rose 4.4% year-on-year, the same as in the previous month.Second-hand homes rose 3.5 per cent year on year, down 0.6 percentage points from the previous month.In second-tier cities, the prices of newly built commercial homes and second-hand homes rose 2.1 per cent and 0.3 per cent year-on-year, 0.4 and 0.7 percentage points slower than in the previous month.Sales prices of newly built commercial housing in third-tier cities fell 0.1 percent year-on-year from 0.5 percent in the previous month.Previously owned homes fell 1.3 per cent year on year, an increase of 0.6 percentage points from the previous month.In February, out of 70 large and medium-sized cities, 46 cities and 30 cities saw year-on-year increases in the sales prices of newly built commercial homes and 30 cities saw year-on-year drops in 24 cities and 39 cities.Source: National Bureau of Statistics article source: Leju Buy a house