In March, the trading volume of second-hand houses in Beijing reached a new high in the past 15 months.

After the Spring Festival this year, the real - estate market in Beijing rebounded rapidly and entered a "mini - spring" period. According to the official online signing data statistics of the Beijing Municipal Commission of Housing and Urban - Rural Development, the online signing volume of second - hand houses in Beijing reached 19,886 units in March, setting a new high for the single - month volume in the past 15 months. It increased by 144.6% compared with February and 3.4% compared with March last year.

Image source: Jingfangzi

On March 31st, the online signing volume of second - hand houses in Beijing reached a new high for a single day in the past three years.

Image source: Beijing Municipal Commission of Housing and Urban - Rural Development

Leng Hui, an analyst at the Beijing Lianjia Research Institute, believes that there are two main reasons for the relatively good market expectations in March. One is the seasonal factor. Every year after the Spring Festival, this period is a "mini - spring" when the market recovers rapidly. The other is the policy support. Various policy optimization measures introduced in late December last year (such as relaxing purchase restrictions, optimizing second - home loan conditions, and reducing the VAT rate) effectively boosted market confidence and stimulated a part of the housing purchase demand. These newly - added demands were gradually converted into actual transactions in March.

In terms of prices, the overall transaction price in the market did not rise significantly with the increase in the transaction volume. It generally remained stable. The average transaction price in the whole city increased slightly compared with that before the Spring Festival, and only a few communities saw obvious price increases.

According to the statistics of Beijing Lianjia, low - priced and small - sized housing units are the main force in the market transactions. Units with an area between 60 - 90 square meters account for more than 40%. Secondly, units with an area of less than 60 square meters account for about 25%. Units with an area between 90 - 120 square meters account for about 20%, and units with an area of more than 120 square meters account for less than 15%.

The most popular housing units in the market are low - priced two - bedroom apartments. In the transactions in March, two - bedroom apartments accounted for more than 50%, three - bedroom apartments accounted for about 23%, and one - bedroom apartments accounted for nearly 20%.

In the new - housing market, the markets in major cities across the country also recovered to a certain extent in March. According to the monitoring and statistics of the China Index Academy,

In March, the average price of newly - built residential properties in 100 cities across the country was 17,115 yuan per square meter, with a month - on - month increase of 0.05% and a year - on - year increase of 2.24%. The prices of newly - built residential properties in first - tier cities increased by 0.24% month - on - month and 6.19% year - on - year.

Among them, Hangzhou and Shanghai led the list in terms of month - on - month price increases, with increases of 0.34% and 0.33% respectively. The month - on - month price increases in Beijing, Guangzhou, and Chengdu were between 0.1% - 0.2%.

Recently, the number of potential customers for many new - housing projects in Beijing has increased significantly. The person - in - charge of a new - housing project in Chaoyang District said that the transaction volume and conversion rate in March this year were the highest since the project was launched in the middle of last year.