Real Estate Aug 26, 2021 01:33 PM (GMT+8) · EqualOcean
Financial Associated Press, August 26 (Xinhua) the second-hand housing market in Hangzhou showed a cooling trend, and the trading volume fell for four consecutive months. In July, a total of 6326 second-hand houses were sold in Hangzhou (except Fuyang and Lin'an), down 22.3% month on month and 40.3% year-on-year, hitting a new low in single month trading volume in recent two years. At the same time, the transaction amount continued to decline. In July, the city only traded 19.7 billion yuan, down 23.5% from June, and the transaction unit price also corrected. From the weekly transaction data, under the new deal, the trading volume of second-hand houses in Hangzhou fell 19% month on month in the first week of August (August 2-8), and the year-on-year decline expanded to 54%.
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