News: 2024.03.15
According to data released by the National Bureau of Statistics yesterday, residential sales prices in 70 large and medium-sized cities declined in February, and the average price of newly built commercial housing fell by 0.36% on a monthly basis. This figure is smaller than the 0.37% drop in January, showing that the market's price decline has slowed down.
However, from an annual perspective, the average price of newly built commercial housing still fell by 1.9% compared with the same period last year. This shows that the real estate market is still facing certain pressures, especially in the context of slowing economic growth.
Experts pointed out that the current real estate market is affected by multiple factors, including policy regulation, supply and demand, etc. As the economic environment changes, the trend of the real estate market will also be affected.
The regulatory policies implemented by the government on the real estate market have a direct impact on market prices. Through regulatory policies, the government can control the supply in the market, thereby affecting the fluctuation of housing prices.
The supply and demand relationship in the market is also an important factor affecting real estate prices. When there is excess supply in the market, house prices tend to fall; conversely, when demand exceeds supply, house prices tend to rise.