英国4月DCLG房价指数同比 3.5%，前值 6.4%。 ...

Core Insights - Hangzhou's new home prices have shown a significant increase, with a month-on-month rise of 0.8% in May, surpassing Shanghai for the first time in several months [1][3] - Despite the recent increase, the average new home price in Hangzhou for the first five months of the year has decreased by 0.4% year-on-year, indicating a more complex market situation compared to other major cities [1][5] Price Trends - The new home price in Hangzhou has reversed from a decline of 0.1% in February to an increase of 0.8% in May, highlighting a substantial market turnaround [1][4] - The introduction of multiple new projects without price caps has contributed to the price increase, with some properties seeing significant price hikes compared to previous limits [4][5] Market Dynamics - The current price changes in Hangzhou reflect a transition from a price-controlled market to one driven by market pricing, rather than a fundamental recovery in the market [3][4] - The second-hand housing market in Hangzhou has not mirrored the new home price increases, with a month-on-month decline of 0.4% and a year-on-year drop of 1.3% in May, indicating ongoing market stabilization efforts [4][5] Future Outlook - The upcoming release of high-quality residential projects is expected to further elevate the average market price in Hangzhou, suggesting that the upward trend in new home prices may continue in the coming months [4][5] - The second-hand market is likely to face challenges due to the superior quality and amenities of new homes, making it harder for second-hand prices to stabilize [5]

英国5月Halifax季调后房价指数月率 -0.4%，预期-0.1%，前值0.3%。 ...

英国5月Nationwide房价指数环比 0.5%，预期 -0.2%，前值 -0.6%。 ...

【资讯导读】 ·5月美国消费者信心指数大幅上升 ·法国5月调和CPI同比上涨0.6%，为2020年12月以来的最低水平，低于市场预期的0.9%。 ·叙利亚财政部长称，叙利亚将从6月2日开始重新开放股票市场。 ·特朗普政府正在考虑要求所有申请赴美留学的外国学生接受社交媒体审查 ·叙利亚将从6月2日开始重新开放股票市场 ·日本34年来首次失去全球最大债权国地位 【市场资讯】 ·美国3月FHFA房价指数环比降0.1%，预期升0.1%，前值从升0.1%修正为持平。美国3月S&P/CS20座大 城市未季调房价指数同比升4.1%，预期升4.5%，前值升4.5%。 ·世界大型企业联合会发布数据显示，5月美国消费者信心指数从4月的85.7大幅上升至98，高于所有经济 学家预期。 ·受商用飞机订单锐减拖累，美国4月耐用品订单超预期下滑，核心资本货物订单环比下降1.3%，创去年 10月以来最大跌幅。整体耐用品订单环比初值暴跌6.3%。 ·美国特朗普政府正在考虑要求所有申请赴美留学的外国学生接受社交媒体审查。为准备实施这一审查 要求，特朗普政府已下令美国各大使馆和领事馆停止为此类学生签证申请人安排新的面试。 ·墨西哥经济部长Mar ...

英国3月DCLG房价指数年率 6.4%，前值5.40%。 ...

Core Viewpoint - The article discusses the recent trends in housing prices across major cities in China, indicating a halt in the previous upward momentum and an increase in the number of cities experiencing price declines, suggesting a prolonged search for a bottom in the housing market [1][4]. Housing Market Trends - In April, the number of cities with declining housing prices increased, with only six cities showing month-on-month price increases compared to fourteen in March [4]. - Major cities like Beijing, Hangzhou, Xiamen, and Shenzhen, which previously showed resilience, have now entered a downward trend [4]. - The average housing price index for first-tier cities decreased by 0.2%, while second and third-tier cities saw a decline of 0.4%, indicating a broader market weakness [4]. Economic Indicators - The current mortgage interest rates have dropped to around 3%, but the rental yield in many first and second-tier cities remains below 2%, leading to negative cash flow for property owners [4]. - The article highlights that the housing market is experiencing a structural shift due to demographic changes, with a significant reduction in the growth of the resident population expected over the next few decades [5]. Stock Market Insights - The article mentions that the valuation of the CSI 300 index is currently at 12.6, which is lower than many global indices, indicating a potential undervaluation in the A-share market [6]. - The low valuation of the CSI 300 is attributed to a high proportion of financial and state-owned enterprises, which may not prioritize shareholder returns [6]. Broader Market Context - The article notes that the Hong Kong stock market has seen significant new stock financing, surpassing 60 billion this year, indicating a strong appetite for capital among Chinese companies [7]. - The article also touches on the impact of U.S. economic conditions, including rising long-term treasury yields and the implications of a recent downgrade of the U.S. sovereign rating by Moody's [7].

Core Insights - The Halifax house price index in the UK increased by 0.3% month-on-month in April, contrary to expectations of a 0.1% decline [1] Group 1 - The actual growth in house prices indicates a stronger market performance than anticipated [1]

英国4月Halifax季调后房价指数年率 3.2%，预期2.6%，前值由2.8%修正为2.9%。 ...

英国4月Halifax季调后房价指数月率 0.3%，预期-0.1%，前值-0.5%。 ...