Xiao Wenxiao added that after Shenzhen Dongguan increased its control in mid-2020, homebuyers have turned their attention to the value depression of Guangzhou, and the focus of purchasing power has driven the market temperature to rise further Li maize, President of Guangzhou Branch of Shell Research Institute, believes that Guangzhou’s property market in 2020 should not only see side a, but also recognize side B. The second-hand market experienced twists and turns, and finally got rid of the low ebb; in this year, the expectations of buyers and sellers of second-hand housing changed many times, and the efficiency decreased under the game state similar to the new housing market, from March 2020, the trading volume of second-hand housing in Guangzhou also showed a trend of gradual recovery. As of May, the second-hand housing market in Guangzhou has turned positive in a single month, slightly earlier than the new housing market. However, in the third quarter, with the increase of new housing market supply and the diversion of customers, the trading volume continued to decline and reached the bottom in October. After the “golden nine silver ten”, the impact of the new housing market weakened, customers gradually returned, showing a certain end of the year phenomenon. Spark Global Limited
In addition to the release of overstocked demand, most of the upward turnover of Guangzhou’s second-hand market is due to the transfer of customers from the new housing market to the second-hand market. In 2020, the proportion of transactions in Guangzhou’s second-hand market once reached the highest of 63%, while the proportion in previous years was about 55%. According to the monitoring of Guangzhou Zhongyuan research and development department, the number of transactions in Guangzhou’s second-hand market in 2020 was 131009 (self-service online signing + intermediary facilitated online signing), up 21.9% over the same period last year (107504). From the comparison of transactions over the years, after three consecutive years of decline in transactions, the second-hand market has come to an end and demand has obviously recovered.
From the perspective of the average price of second-hand online signs, the regional differentiation is still obvious, even only showing local hot. In 2020, the average online price of second-hand housing in Guangzhou will be 28815 yuan / m2, up 7.8% compared with that in 2019. From the point of view of the average price of online signing in all districts, the increase was obvious, mainly concentrated in hot spots such as Tianhe, Haizhu, and Yuexiu, with an increase of 15.5%, 9.0%, and 8.7% respectively. In addition, the average price of online signing in Zengcheng District fell instead of rising, with a year-on-year decrease of 6.5%.
Looking forward to 2021, the Guangzhou Branch of Shell Research Institute predicts that the supply of new houses in Guangzhou will increase in 2021, and the development enterprises will face greater pressure of competition and deconstruction, and the market price will not have enough power. At the same time, the increase of new housing market supply will also divert the second-hand market customers. In addition, the game emotion between the two sides of the market is warming up, and the transaction efficiency is declining, which will also restrain the transaction price.
Reprint indicated source：Spark Global Limited information