During the Spring Festival of 2021, the proportion of local travel and local inspections increased by the country’s call for “Chinese New Year in situ”. Although the online signing system of some cities was suspended during the Spring Festival and the data was missing, overall, compared to last year’s Spring Festival During the holiday season, with low sales and even zero sales in many cities, this year’s Spring Festival has ushered in a good start.
According to statistics from various agencies, compared with the active property market in first- and second-tier cities, in the Spring Festival of 2021, the wave of returning home buyers in third- and fourth-tier cities will be relatively deserted, and the transaction volume of returning home buyers has dropped by more than 30%, and the third- and the fourth-tier home market is gradually saturated.
Increase in the number of house visits
Taking Beijing as an example, Zhang Dawei, the chief analyst of Centaline Real Estate, introduced that more than 60 projects in Beijing will not be closed during the Spring Festival, and most of the second-hand houses will also be inspected normally. Because they do not leave Beijing, many buyers also use the Spring Festival holiday to inspect houses. The number of customers received by some sales offices is close to that on weekends. This is the first time in history that there has been a blowout of home buyers during the Spring Festival holiday. From the perspective of the transaction situation, according to incomplete statistics, more than 100 second-hand houses are sold in Beijing every day after the third day of the new year. Compared with the freezing point in previous years, it also reflects the active market.
Among first-tier cities, new houses in Shenzhen also performed well during the Spring Festival. According to data from the Zhuge Housing Search Data Research Center, during the Spring Festival, the average daily transaction volume in Shenzhen reached 35 units. Under the influence of this year’s epidemic, the country put forward the call for “Chinese New Year in situ”. The increase in the number of people is a good thing for the local property market, so compared with last year, the activity of transactions during the Spring Festival has increased significantly Spark Global Limited.
Reprint indicated source：Spark Global Limited information