The search for new homes in 65 Chinese cities rose 5% in May from a month earlier

The report shows that in May, China's key 65 cities to find new housing heat rose 5% month on month.

According to the China News Service reported that China's life classification information website 58 city and housing information website Anjuke, released on Tuesday (June 4) the "May national housing index report" shows that in May this year, China's key 65 cities to find new housing heat rose 5%.

The report said that the heat for new homes to some extent reflects the activity of the new home market and potential demand for housing. The report shows that in May, the heat for new homes in various cities in China has rebounded, of which the heat for new homes in first-tier cities has increased by 7% month-on-month, higher than the national average, the heat for new homes in second-tier cities has increased by 5% month-on-month, and the heat for new homes in third-tier cities has increased by 3.3% month-on-month.

From the specific city point of view, among the first-tier cities, Shenzhen continued to lead the search for housing heat, with a month-on-month increase of 10.1%. The popularity of apartment hunting in Beijing and Shanghai increased by 8.7% and 7.8% respectively, and the popularity of Guangzhou increased by 2.6%. In addition, the second-tier cities in Hangzhou, the heat to find housing rose 25.4%, Xiamen, Liuzhou, Dalian, Weihai, the heat to find housing increased by more than 10%.

The report showed that the homebuyer confidence index was 99.5 in May, up 5.3% from the previous month. 49.1% of buyers believe that the subsequent property market regulation policy will continue to be relaxed; 31.3% of buyers believe that home prices will be basically flat in June.

The report also showed that the number of newly listed homes nationwide fell 8.6 percent in May from the previous month. Among first-tier cities, new listings fell 12 per cent in Beijing, 10.2 per cent in Shanghai and 7.4 per cent in Shenzhen. China News Service quoted unnamed industry analysts as saying that this may be another leading signal of improving market sentiment - owners are no longer eager to cash out of the market.

According to data released by Zhuge Data Research Center on Tuesday, the sentiment index of China's key 50 cities rose in May.

On May 17, the Chinese government launched a heavy easing package, announcing its strongest measures yet to stabilise the property market. Local governments have since introduced policies to loosen the local property market, and Shanghai, Shenzhen and Guangzhou have introduced relevant policies, including lowering the minimum down payment ratio for first homes and lowering lending rates.