In 2024, the property market will still face challenges

Mondo Finance Updated on 2024-01-30

With the implementation of the new round of comprehensive bailout policies, the real estate transaction volume in most central cities is still on a downward trend after September this year. According to data released by the National Bureau of Statistics, the downward trend in house prices continued as of October. From first-tier cities to third- and fourth-tier cities, housing prices are showing a downward trend in both core and peripheral areas.

Specifically, housing prices in first-tier cities such as Beijing, Shanghai, Guangzhou and Shenzhen have continued to decline in the past three months and even in the last half month. Taking Beijing as an example, the second-hand housing ** index in October was 0 month-on-month4%, year-on-year **06%。Among the second-tier cities, Dongguan saw the largest decline in housing prices, with a cumulative increase of 5 in the past three months56%。The decline in housing prices in third- and fourth-tier cities is even more significant, taking Weifang as an example, except for Kaifeng, Henan, the housing prices of the selected sample cities are declining.

Same as in previous years"Double Twelve".The big promotion is different, this year's Dongguan property market "Double Twelve" seems relatively calm, only a few developers launched the "** house" regular ** activities. On the one hand, it is due to the bombardment of activities that have just passed the National Day and the "Double Eleven", on the other hand, the property market is still relatively flat, the public's desire to buy a home is not strong, and it will take time for the market vitality to recover.

Looking back at the upcoming 2023, the Dongguan property market has been divided under multiple policy controls, and the improved and high-quality real estate in the core area has been popular, while the supporting and average quality projects have performed unsatisfactory, and the overall market has shown a situation of both volume and price decline. At present, although the overall transaction volume of first-hand homes is slowly picking up, market confidence is still insufficient. In 2024, the property market will still face challenges

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