It’s simply too volatile as individual holders account for 80% of the trade volume in the Shanghai stock market, for example. Is a bubble occurring in Beijing’s housing market? In this article, we take a look at how China’s real estate market has performed in the past years and what the predictions are for 2021. Keep in mind that China rebounded early during the COVID-crisis, thanks to softened lending policies and strong consumer confidence. Besides, the COVID-pandemic had a negative on the market as countries were forced into lockdowns and investors became cautious. Real estate in China is developed and managed by public, private, and state-owned red chip enterprises. Beijing real estate prices still high By Du Xiaoli (chinadaily.com.cn) Updated: 2007-06-07 10:39. Beijing Municipal Bureau of Statistics. With that said, China rebounded quickly and there were no restrictions of movement at the end of 2020. Next up: home price trends. National real estate trends are expected to shift in 2019, as housing markets shift in response to a focus on sustainability and inventory. “Owners of assets in core areas are typically reluctant to release these properties, all too aware that they will be difficult to replace,” he says. To many people’s surprise, Shenzhen has seen the strongest growth, and prices have reached abnormal heights. Abstract. Many people in the West haven’t even heard about this dynamic tech- and financial hub that becomes increasingly important to China as a whole. In, Beijing Municipal Bureau of Statistics. Expats wanting a short stroll to work rent a home in Central Park. Learn more about how Statista can support your business. New, Figures and insights about the advertising and media world, Industry Outlook Corporate solution including all features. The most notable change came in March 2017. This feature is limited to our corporate solutions. Do you plan to buy property in China (Mainland)? Visit us to know the Dubai real estate statistics & property market trends, now. CHINA COMMERCIAL REAL ESTATE MARKET - GROWTH, TRENDS, AND FORECAST (2020 - 2025) The China Commercial Real Estate market is expected to grow at 6.15% over the forecasted period of 2018-24. This report analyzes sales history between December 14 - January 11 and compares it against the same period in 2020. March 2, 2020. China’s Reliance on its Real Estate Market, Down payments increased from 50% to 60% for second residential houses, Down payments increased from 70% to 80% for bigger homes, Individual mortgages for 25 years, or more, were suspended, Buyers were banned from acquiring a third property. This is mainly the case for first-tier and second-tier cities like Shanghai, Beijing, and Shenzhen. In July 2018, the China Research Index showed that the number of sold houses decreased by 10% from the previous year. In the BOAO & 21 Century Real Estate Forum held in July, most real estate experts say that property prices will continue to increase at a moderate speed, especially in less restricted third-tier and fourth-tier cities. Joanna real estate present as beijing's top relocation and real estate agency with 26 years' experience, providing a complimentary property finding and relocation service, we also offering clear guidance for expats searching home in Beijing or looking for rent apartments, villas, courtyards, serviced apartments and … Looking at real estate prices in various districts in 2019, the local real estate website An Ju Ke has reported the following figures, in RMB: In 2020, prices rose to as much as RMB 50,000 to RMB 60,000 per square meter on average according to Forbes, even outperforming the year of 2019. That's why our graphs show house price changes both nominal and real. As mentioned, real estate accounts for around 30% of China’s GDP, at the same time as two-thirds of the Chinese keep their assets in the real estate sector. Average new home prices in China's 70 major cities increased by 4.0 percent year-on-year in November 2020, after a 4.3 percent rise in the previous month. The average price of a house in Nashville is $315,000 in 2020, which is higher than it was last year. Xi’an Bucks National Real Estate Trends as New-Home Prices Keep Rising. Required fields are marked *. Accessed January 18, 2021. https://www.statista.com/statistics/990903/china-price-index-of-second-hand-residential-housing-in-beijing-by-month/. Please contact us to get started with full access to dossiers, forecasts, studies and international data. 4 Sellers, this should put a big smile on your face! 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