The real estate market has always been ChinaEconomyimportant pillars, but over timeproperty marketThere are also various challenges and problems. Recently, China** has introduced a series of bailout policies aimed at boostingproperty marketdevelopment. However, the effect of these policies does not seem to be obviousproperty marketIt still shows a trend of falling volume and price.
First of all, there is already an oversupply of domestic houses. According to statistics, there are currently 1200 million vacant houses, enough for 3-400 million people. This suggests that there is already a surplus in the domestic housing market, rather than a shortage of supply. In addition, about 96% of households already own a home, 41 of them5% of households even own two or more homes. As the real estate market returns to residential attributes, there will be less rigid demand in the future.
Secondly,Ordinary peopleofBuying a houseCapabilities have been seriously challenged. Despite the continuous introduction of various favorable policies, due to the epidemicEconomyThe impact of many people's income has decreased or they have lost their jobsBuying a houseCapabilities are greatly diminished. In addition, people have become more rational and cautious about future income growth after the pandemic. Therefore, many families will decide whether to buy or not according to their own circumstancesProperty
Third,Buying a houseThere is a serious lack of confidence. Evergrande Real EstateCountry Gardenand other well-known real estate companies' debt default events as wellUnfinished buildingproblems, are seriously damagedBuying a houseConfidence of the people. A lot of potentialBuying a houseThose who are on the sidelines are worried about buyingPropertyIt will also happen laterUnfinished buildingsituation. At the same time, many real estate companies are inFunding chainStressful situations tend to be in the buildingCommercial housingWhen cutting corners and other methods, leading to new constructionCommercial housingThe quality cannot be guaranteed. These factors are reducedBuying a houseEnthusiasm of the people.
In order to solve the problems in the real estate market, the executive meeting adopted the "Guiding Opinions on Regulating the Construction of Affordable Housing". According to the policy, China will roll out 6 million affordable housing units in the next five years to meet the needs of low-income groups. This policy will be piloted in 35 cities with populations of more than 3 million, including:Shanghai, Beijing, Shenzhen, Chongqing and other cities. This is considered a new real estate reform that aims to make up for the shortcomings of past reforms.
Unlike the first housing reform in 1998, this round of housing reform will be divided into two different markets:Commercial housingmarket and affordable housing market. In the future,Commercial housingThe market will be determined by the market, and there will be no more intervention. At the same time, the ** of affordable housing will be lower than the surrounding areaCommercial housingBut low-income groups will not be able to trade in the market after purchasing affordable housing. This means that a large part of the future market demand will shift to the affordable housing market. Eventually,Commercial housingThe market will go graduallyInvestmentsand return to the residential attributes.
For whether the market will detonate again,EconomyScientistsMa GuangyuanThe explanation is given in two sentences. The first sentence is "real estate as the best in China."InvestmentsThe era of products is over", which means that the past is relied uponInvestmentsPropertyGone are the days of high returns. The second sentence is "the future house will gradually return to residential attributes", which indicates that the real estate market will pay more attention to meeting people's residential needs in the future.
To sum up, thoughproperty marketThere are still various challenges and problems, but the new round of real estate reform will bring some new changes. By introducing the affordable housing market and goingInvestmentsThe process of the futureproperty marketIt will gradually return to residential attributes, and will be more market-oriented. Therefore, a new round of housing reform will not only not makeRoom ratesContinuing to rise sharply will also accelerate the process of de-bubble in the market. For the real estate industry, this is an inevitable trend towards healthy development.