Wenzhou Home Prices Super Low, But Still May Drop

Wenzhou prices are in the home stretch going for three years worth of continual monthly declines. Prices are down more than 20% since 2010 by the official national statistics, but in many cases prices are down 50% or more. Media have now dubbed prices as super low, but large inventory will keep pressure on prices.

温州楼市现8600元/平方米超低价 专家：还要跌

"I heard downtown Wenzhou yellow gold [ Introduction News ] paragraph hand elevator room, 8,600 yuan per square meter, we sold. "Recently, Mr. Kim, who lives in Wenzhou ShangXi Doumen told reporters broke the news that, if these things are true He also wanted to buy a set.

July 11, this reporter went Kim said Lucheng District of Wenzhou City Station Shopping Center to learn about and found true, and the same house, in 2012 to sell around 23,000 yuan per square meter.

Reporter survey found, after falling more than 30 months, the prices are still the main city of Wenzhou "stumble endlessly." Experts said prices will decline in Wenzhou, there is no sign of the bottom.

[Case]

Wenzhou city center elevator room to sell super cheap

The 11th in the morning, the reporters came before the commercial stations. The commercial of 16 layers, separated only by a road and Wenzhou Railway Station, from the car less than a kilometer south station, transportation, shopping is very convenient.

Commercial tenants Lam introduced his first half of 2012 began renting here, and I want to buy a house in Wenzhou, it has been concerned about the price. He said that in recent years the price drop Wenzhou badly, "in 2012, and stood in front of the house is a commercial about 23,000 yuan per square meter last year, dropped to 17,000 yuan per square meter. Few days ago, on the 9th floor of a more than 160 square meters of the house, to 8,600 yuan per square meter sold. "

A wife says intermediaries into the house, this house is on the 9th floor of her introduction traded, the price is to help her settle together. Before, there are several stations before commercial house are her introduction, the price of 12,000 yuan per square meter.

The commercial property management staff, told reporters that a total of more than 100 households in the building, down the stairs there were two elevators, 9th floor of the house price to 8,600 yuan to buy really cheap.

[Survey] local second-hand housing price cut is very common

8600 yuan per square meter, in Lucheng District of Wenzhou, is currently the lowest second-hand housing transaction price. Wenzhou hand housing prices in other regions how to do? Reporters in Doumen, water hearts, bridge children head Gero Pu circle, a number of real estate agents told reporters, Wenzhou, regardless of the original price of second-hand housing 5-6 yuan per square meter in the upscale district, or two million yuan of old housing prices have almost halved, and some do not stop, can still be difficult to sell.

"At present, the markets in the vicinity of Doumen hand housing prices at around 13,000 yuan per square meter. Before prices here to around 25,000 yuan per square meter, the highest, but since prices fell, the real deal is small, Wenzhou has always been to buy or not buy up the. "housing agency Chen Yi told reporters.

Wenzhou, a well-known real estate research believe that house prices have been falling in recent years in Wenzhou, in addition to regulatory policy affected by the outside, a lot of land market is a major factor.

[Outlook] Expert: Wenzhou prices also fell

The past two years, Wenzhou prices fell out of a curve, and recently sold 8,600 yuan per square meter, the lowest price, does this mean that prices have dropped to the bottom of Wenzhou?

Architectural Engineering, Wenzhou University, Associate Professor Pan Anping think, a few years ago prices were stir in Wenzhou, the presence of high water, and the current status quo is "warm boiled frog", the trough has not yet appeared.

Wenzhou is real estate marketing co-Chairman Chen Hong also believes that the current price of Wenzhou is not the lowest point, "real estate stocks also need some time to digest."