SHANGHAI :
Shanghai People Got More Willing to Buy Homes in Fourth Quarter of 2020, Survey Shows
Xu Wei
DATE:  Jan 13 2021
/ SOURCE:  Yicai
Shanghai People Got More Willing to Buy Homes in Fourth Quarter of 2020, Survey Shows Shanghai People Got More Willing to Buy Homes in Fourth Quarter of 2020, Survey Shows

(Yicai Global) Jan. 13 -- Shanghai residents have become increasingly interested in buying housing, according to a survey.

The index measuring willingness to purchase housing stood at 76 points in the fourth quarter of 2020, an increase of 3.2 points from a quarter earlier and a 6.5 point jump from a year ago, the Shanghai University of Finance and Economics and the Shanghai Social Survey and Research Center showed in a report published today. They didn't reveal how many people participated in the survey, nor how the index is compiled.

Nearly 48 percent of the respondents said it wasn't a good time to buy housing, declining from the third quarter's 51.1 percent. Some 29 percent of all said that the timing was neither better nor worse than before. Almost 24 percent said that it is a good time to buy property, falling slightly.

Consumers were generally stable in their judgment about Shanghai's real estate market while the city's property market has become increasingly active amid economic recovery, SHUFE's Professor Wu Chunjie and Associate Professor Cui Chang said in the report.

Property purchasing was becoming slightly more timely as the related timing expectation index climbed to 78.1 points, a 4.2 point hike from the third quarter and a 1.9 point increase from a year ago.

Some 46 percent of all said that it would not be wise to buy a house within the next six months, falling from the previous quarter's 49.5 percent. Meanwhile, 24 percent said it would be smart to buy property during that time period, climbing from 23.4 percent.

The survey also mentioned consumer goods. Shanghai's willingness index for car purchasing rose to 87.5 points from 84 points logged three months earlier. That of large household durables was down 5 points to 98 points.

Editor: Emmi Laine

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Keywords:   Shanghai,Properties