After a cold season in February and a drop in prices to the same period last year, property sales in the 70 major and medium-sized cities across the country rose significantly in March, and prices were stabilizing, especially for second-hand homes. Prices of first-hand commercial housing in Hefei fell 0.3% in March, but prices of second-hand housing rose 0.1% from 0.5% in February. Prices of second-hand housing in the four first-tier cities have changed from negative to positive, and those in 70 large and medium-sized cities where prices of first-and second-hand housing have declined sharply.
As in February, the price of Hefei's first hand residence decreased by 0.3% in March, down 3.8% from a year ago. In the other two sub-central cities in the Yangtze River Delta, Nanjing (real estate) prices rose 0.2% year-on-year, down 4%; Hangzhou (real estate) prices fell 0.5% year-on-year, down 11.2% year-on-year is the biggest drop in 70 cities. In Anqing (real estate) and Bengbu, the price of first-hand residence in Anqing was flat in February, 0.8% in Bengbu and 6.7% and 8.4% in the same period.
Reporters learned from local intermediaries that March followed the end of the Spring Festival holidays, the recovery of the market, trading volume gradually stabilized to the previous normal monthly level, and every year March is also the beginning of a year of trading, prices have risen is a normal phenomenon.