As the domestic property market shows a trend of "both volume and price", for families who hold 2 or more properties, housing prices will have an important impact in the long run. According to the data, from January to October this year, the total sales of the top 100 domestic real estate companies fell by 13 year-on-year1%, and the monthly sales in October fell by 335%。At the same time, in the past 18 months, the number of cities with the highest housing prices in 100 cities has reached 98. After the property market has been regulated many times, the trend of the property market has changed from the original ** to **. This correction trend indicates that home-owning households may face the risk of further decline in house prices.
To prepare for the long-term price of housing prices, families with 2 homes can think and plan from the following aspects:
1.Reasonably assess the market value of real estate: Evaluate the value of your property realistically, keep abreast of market dynamics, and avoid blind optimism leading to asset depreciation. You can consult with a professional organization or real estate appraiser to understand the current housing price situation and make corresponding decisions according to the actual situation.
2.Diversification: In addition to relying on real estate, families can consider transferring some of their funds to other investment areas, such as **, bonds, etc., to diversify their risks. At the same time, it is possible to enhance the learning and Xi understanding of financial knowledge in order to make informed investment decisions.
3.Be budget-conscious: In the event that the market value of a property is likely to fall, families can control their spending more closely and plan their expenses wisely. According to your own situation, you can optimize your family's financial plan and reduce unnecessary expenses to cope with possible financial difficulties.
4.Actively look for ways to increase value: In addition to relying on the appreciation of real estate, families can also actively look for other ways to increase their income, such as starting a business, working part-time, investing in financial management, etc. By diversifying your income**, you can spread risk and increase your family's economic stability.
Starting in 2023, families with 2 properties should be prepared for the difficulty of cashing out their homes. In recent years, the second-hand housing market has developed rapidly, and the number of second-hand housing listings has increased significantly. According to statistics, in September 2021, the number of second-hand housing listings in 13 key cities such as Beijing, Shanghai, Guangzhou and Shenzhen increased by 25% compared with the beginning of the year, and Shanghai increased by 82%. This shows that second-hand home owners are not optimistic about the future market and the demand for housing is shrinking.
In case the house cannot be liquidated, families with 2 properties can take the following measures:
1.Understand the market demand: It is necessary to fully understand the real estate market in the area and grasp the market information in a timely manner. You can understand the current buying and selling situation and the needs of potential buyers by following the real estate **, real estate agents and other channels. It helps to make a more reasonable plan.
2.Flexibility in the use of your home: If you hold a property that is not suitable**, consider converting it to a rental use. By renting out your home, you can earn a certain amount of rental income, reduce the financial burden on your family, and make decisions at the right time.
3.Seek professional help: If the property cannot be realised in time or if there are other difficulties, you can consult a professional agency or real estate agent for their help and advice. They are more aware of the market situation and are able to offer a reasonable home** or rental plan.
Families with two properties face more financial burdens while owning more properties. Especially after the epidemic, many companies have implemented layoffs and salary cuts, and many families have reduced their income or even lost their jobs. In addition, with the increase in property fees, heating costs, maintenance costs, etc., the pressure on families with 2 homes is also increasing.
1.Rational planning of household finances: Conduct a comprehensive assessment of the family's financial situation and plan for each month's income and expenses. According to the actual situation, allocate funds reasonably to ensure the payment of real estate loans and daily expenses, and set aside a certain amount of emergency reserves.
2.Seek financial counseling: If your family is facing severe financial hardship, consider seeking help from a professional financial counselor or agency. They can give financial planning suggestions and solutions according to the actual situation of the family to help the family through difficult times.
3.Increase income**: Families can actively look for ways to increase their income, such as working part-time outside the home, starting a part-time business, etc. By increasing your income**, you can reduce the stress on your mortgage and other expenses, and improve your family's financial strength.
4.Savings: Households can review their current spending situation to identify possible savings. Through rational consumption, reasonable travel arrangements, and the purchase of low-priced goods, the cost of living can be reduced, and the ability to save and cope with difficulties can be increased.
To sum up, with the adjustment of the property market and the change of economic situation, families with 2 or more properties are facing more challenges and pressures. To meet these challenges, families need to be prepared for long-term home prices**, unliquidated homes and rising pressure to own their homes. By planning their finances wisely, understanding market needs, and seeking professional help, families are better able to cope with change and protect their interests. At the same time, for other families, these preparations can also be used to gain insights and inspiration into the real estate market, which can provide reference for future financial planning.