November house prices rose year on year record high of the year

National Bureau of Statistics yesterday released the first 11 months of real estate performance data, nationwide house prices in November rose 5.7% year on year record high this year. The day before yesterday, the State Council announced a second-hand house purchase business tax preferential policies canceled, and many times the national level to suppress the recent speculative buyers in the position, but these regulatory actions are still looming over the property market overshadowed optimism.

Analysts said the government could not have been sensitive issues on home prices to avoid the current regulation may be just the beginning.

A record volume 1-11 months, the national sales of commercial area of 752,030,000 square meters, up 53.0%. Among them, the area of commercial housing sales increase of 54.4% .1-11 months, commercial housing sales 3.5987 trillion yuan, up 86.8%. Among them, commercial housing sales increased 91.5%. Market transactions are still active, according to the current status of transactions, the annual area of commercial housing turnover and turnover would definitely more than 2007 years, a record high.

11 month, National Real Estate Index was 102.78, increased 0.75 points higher than October. This is the second occurred in April of this year or transferred by the rise of the "inflection point" has been 8 months straight up, for 4 months to run on the booming region.

11 by doubling the value of new construction area

11 in 70 cities month's national housing sales price rose 5.7%, or more than 1.8 percentage points in October to expand and continue to record high during the year; the chain rose 1.2%, the chain this year's largest increase since the month.

This data beyond many people's expectations, according to general judgments, real estate prices after the "Gold 9 Silver 10" after entering a smooth, but now the low season and high season has been no significant difference.

Status attracted property developers are optimistic. New construction area in November this year reached its highest point since, in November than in October has nearly doubled, reaching 162 million square meters. Easy Home real estate report pointed out that this data reflects the developers expect the market outlook remains optimistic the project last year to accelerate delayed start, another part of the newly acquired land this year, it began to start.

1-11 months, housing new construction area of 976 million square meters, up 15.8%, increase compared with January-October increased by 12.5 percentage points, indicating fast growth of new construction area, which will ease the housing shortage in the state next year.

Developers accelerate the "development"

Central Economic Work Conference was not involved in price some, but real estate sector lost the status of pillar industries. Under the premise of structural adjustment, a real estate "kidnapping" is not the Government would like to see the economic situation.

Under the control of the property market in policy across the board in the doldrums in 2008, but 2009 has ushered in a retaliatory growth.

2008 The financial crisis, the government promptly shot, a series of incentives under the original developers are now dying they roam. Insiders said, "real estate agents have a sweet taste, some people determined to accelerate the development, so as not to miss the explosive growth market, the rich fruit."

Regulation may be just the beginning

State Council on the sales tax next year, preferential transfer of second-hand news of the cancellation did not bring the expected impact of the market. SouFun a survey, nearly 38% of the respondents believed that the policy will push up prices. At the same time, 3 million people participated in a nationwide questionnaire survey, the total number of accounts for 8 percent of the respondents said the current prices are already beyond the affordable range.

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