China's vice minister of housing and urban-rural development recently made a compelling point that future demographic changes will determine changes in housing demand, which also means that house prices are likely to be the highest and the area of new housing will also be reduced. According to the data, China's population is declining, especially since the number of births peaked in 2016. This change has caused the state to pay significant attention to the relationship between supply and demand in the real estate market.
The real estate market has always been an important part of China's economy, and it is also facing serious challenges against the backdrop of a significant population decline. The country has long been aware that the current state of supply and demand in the real estate market has changed significantly. Although the number of new homes may decrease, there is no direct correlation between house prices and the second-hand housing market. In fact, the transaction volume of second-hand houses has surpassed that of new houses and has entered a new stage, that is, the "era of stock housing".
The rise of the stock housing market has led to different views on the development of the real estate market. On the one hand, the decrease in the number of houses being built may make some people worry about the future development of the real estate market. After all, the real estate market has been one of the important drivers of China's economic growth. On the other hand, the state has always been committed to ensuring the stable development of the real estate market. Although the property market will fluctuate, ** has always regarded the real estate market as a key area of policy regulation and control, and has taken measures to ensure the stability of the real estate market.
For ordinary people, they are more concerned about whether the housing price will be the best and whether they can afford the right housing. Although the number of houses being built has decreased, the rise of the stock housing market has provided buyers with more options. Through regulatory policies, the state encourages the development of the rental market and provides residents with the option of both rental and purchase. In addition, it has also increased investment in and construction of affordable housing to meet the housing needs of groups in need.