The trend of China's property market in 2024 has attracted much attention, and Huang Yu, executive vice president of the China Index Research Institute, made a statement on the future of the real estate market in a recent speech. She pointed out that the recovery of the real estate market still depends on the recovery of home buyers' expectations, and expects the area of commercial housing sales to decline by 4 percent year-on-year in 20249%。Huang Yu's ** has attracted widespread attention and discussion in the industry, and many people think that her ** may be accurate again. However, this is not just speculation, it is based on a variety of factors, including the introduction of favorable policies, developers to reduce prices** and the increase in residents' incomes. After an in-depth analysis of these factors, we will have a better understanding of Huang Yu's ** and its challenges.
Huang Yu pointed out that the key to the recovery of the real estate market lies in whether the expectations of home buyers can recover. The main factors involved in this ** include the recovery of homebuyers' confidence in the property market, the expectation of future house price movements, and the expectation of a recovery in future income growth. First of all, it will take time for home buyers' confidence in the property market to recover. In the past period of time, some well-known real estate companies have had the problem of unfinished buildings, which has dealt a serious blow to the confidence of home buyers. Faced with such a situation, some potential home buyers choose to wait and see, and are reluctant to enter the market easily. In order to restore the confidence of home buyers, it is necessary to protect the interests of home buyers through effective measures and reduce the occurrence of problems such as unfinished buildings. Secondly, buyers' expectations of future home price trends will also affect their home purchase decisions. At present, housing prices in some cities have seen obvious **, even in first-tier cities. This situation is likely to continue into 2024, so homebuyers are concerned that prices will continue to be ** after the purchase of the home, causing them to incur losses. Finally, after the pandemic, many people have reduced their incomes or lost their jobs, leading to lower expectations for future income growth. Although household incomes will gradually return to growth in 2014, optimistic expectations are hard. Therefore, even if favorable factors emerge in 2024, optimistic expectations of a return to past levels are unlikely. Taken together, the impact of home buyers' expectations on the recovery of the real estate market is obvious.
Huang Yu** In 2024, the sales area of commercial housing will decrease by 4 percent year-on-year9%。The basis for this ** mainly lies in the following aspects. First of all, in 2023, despite the introduction of a large number of favorable policies in China, the sales area of newly built commercial residential buildings in key 100 cities will decrease by about 5% year-on-year. This data shows that even with the help of favorable policies, the transaction area of the property market has still declined. Secondly, more favorable policies will be introduced in 2024, the macro economy will fully recover, and people's incomes will gradually increase. In addition, restrictions on price reductions for developers will also be lifted in many places, so that developers can decide whether and how much to reduce prices according to the actual situation. These measures will help reduce inventory and avoid debt crises and unfinished properties for developers. Therefore, a small increase in the area of commercial housing sales in 2024 is more likely. Although this ** is considered conservative, it is still in line with the current property market situation and people's expectations.
Huang Yu's ** is thought to be possible to be accurate again, but it also faces some challenges. First of all, the real estate market is a complex system affected by many factors, and the trend is not easy. Therefore, there is still some uncertainty about Huang Yu's **. Secondly, home buyers' expectations are affected by a number of factors, including policy, market sentiment, economic situation, etc., and changes in these factors can lead to inaccuracy. In addition, the trend of the property market is also affected by a variety of factors such as supply and demand, financial policies, etc., which may make the ** bias. Therefore, for this **, we should maintain a rational attitude and pay attention to other relevant factors in order to have a more comprehensive understanding of the development of the property market.
Huang Yu**The main view of China's property market trend in 2024 is that the recovery of the property market still depends on the expectations of home buyers, and the area of commercial housing sales is expected to decline by 4% year-on-year9%。This is based on a number of factors, including the recovery of homebuyers' confidence in the property market, expectations of future house price movements, and expectations of a recovery in future income growth. The reasons behind **mainly come from favorable policies, price reductions by developers**, as well as the expectation of a comprehensive macroeconomic recovery and a gradual increase in people's income. However, there are also some challenges, including complex market systems, changes in homebuyer expectations, and the impact of other factors. Therefore, we should be cautious about this and continue to pay attention to the dynamics of the property market in order to better grasp the market trend. In this process, continuing to pay attention to changes in policy changes, market supply and demand relations, financial policies and other factors will help us more accurately assess the future trend of the property market.