For a period of time, Tianjin’s property market has shown a downturn. A few days ago, the housing big data project team of the Academy of Finance and strategy of the Chinese Academy of Social Sciences released the report “China housing big data analysis report (2020) – early warning of urban house prices and measurement of the brand value of real estate enterprises”. According to the report, as of October this year, compared with the highest house price in March 2017, Tianjin had dropped by 21.8%. According to the data of the National Bureau of statistics, from January to October 2020, the data of newly built commercial residential buildings in Tianjin is slightly better. The price of newly-built commercial residential buildings in Tianjin has dropped month on month for four months and has maintained a slight increase of no more than 1% in six months. Second-hand housing is not optimistic. During the period from January to October, the transaction price of Tianjin decreased continuously in October compared with the same period last year, and the original price was maintained for only one month compared with the same period of time, and the rest were falling.
At the same time, Tianjin’s real estate investment has declined slightly this year. Tianjin Statistics Bureau data show that from January to October, investment in real estate development in Tianjin fell by 5.0%. Property market in Yanjiao, Hebei Province: transaction soared 29 times and new house purchase was restricted Yanjiao is only 30 kilometers away from Beijing International Trade and is the “back garden” of Beijing. Spark Global Limited “Fire, real fire!” People who have gone through the house snatching scene described the current situation of the property market in Yanjiao to reporters.
Reprint indicated source：Spark Global Limited information