At the recent China Real Estate Big Data Annual Conference and 2024 China Real Estate Market Trend Report Conference, he is the executive vice president of the China Index Research InstituteHuang Yucarried out about 2024China's property marketTrend. Huang YuIt is mentioned that the recovery of the real estate market in the future still dependsBuying a houseis expected to recover, and is expected in 2024Commercial housingThe sales area will appear 49% year-on-year decline. This ** has been recognized by industry insiders, who generally believe that if there is no accident,Huang YuThe ** is likely to be accurate. This article will focus on a summaryHuang Yuand make the content richer and more vivid by further expanding and describing to meet the 2500 word requirement.
Huang YuThe 2024 real estate market is highlightedBuying a houseThe impact of the market's expectations on the market recovery. Buying a houseThe expectations are mainly composed of three aspects, including the pairproperty marketConfidence is restored, for the futureRoom ratesExpectations of the trend and the recovery of expectations for future revenues.
ForBuying a houseWho's going to do itproperty marketThe restoration of confidence is crucial. However, due to some headsReal estate enterprisesappearedUnfinished buildingphenomenon, many potentialBuying a houseforBuying a houseConcerns have arisen in the market. They are worried about buyingUnfinished buildingwill suffer heavy losses, therefore, many people are still in a wait-and-see mode, reluctant to enter the market easily. To recover completelyBuying a houseFaith is not an overnight process.
In addition,Buying a housefor the futureRoom ratesExpectations of the movement will also affect itBuying a houseDecision-making. Some peopleBuying a houseThe future is mainly consideredRoom ratesof ** or ** trend. However, in 2023, many cities, including first-tier citiesRoom ratesThere is a clear trend of **. This trend is expected to continue into 2024. InBuying a houseanticipation of the futureRoom rateswill continue to ** the case, a large number of residents into the marketBuying a houseThe phenomenon is not very realistic.
Finally,Buying a houseThe recovery of future income will also affect themBuying a houseAnticipate. In the wake of the pandemic, many people have lost their incomes or lost their jobs, and many households have lowered their expectations for future income growth. Although many residents' incomes are expected to gradually return to growth in 2024, their expectations will no longer be as rosy as they used to be. Buying a houseThe lack of recovery in expectations for future revenue growth makes it difficult to expectproperty marketThere has been a sharp reversal in the transaction area, and it is already a very good result to be able to maintain a "small **".
In summary,Buying a houseExpectations play a crucial role in the recovery of the real estate marketHuang Yu**The trend of the real estate market in 2024 is mainly based on pairsBuying a houseanticipation of the analysis. So she's going to be next yearCommercial housingThere will be a "small" trend in the sales area, which is likely to be accurate.
According toHuang Yu**, 2024Commercial housingThe sales area will appear 49% year-on-year decline. There is a basis for this.
In 2023, after a large number of favorable policies have been introduced in our country, the domesticproperty marketThere is still a significant decline in the transaction area. According to data from the China Index Research Institute, from January to November, the sales area of newly built commercial residential buildings in key 100 cities fell by about 5% year-on-year. However, although 2024 will see more favorable policies introducedMacroeconomicsThere will be a full recovery, but it is expectedCommercial housingThe sales area will no longer appear large, but to maintain a "small" is the result of a high probability.
Recently, some cities, such as Suzhou, Shenzhen and Nanjing, have begun to lift restrictions on developers to cut prices. This means that developers can decide whether to reduce prices based on market conditions, and by how much. There are many more cities that may lift price caps on developers in 2024. Actually, everywhere is liberalizedCommercial housingThe purpose of the price reduction limit is to help developers destock and recoup funds as soon as possible. This will reduce the likelihood of developers experiencing debt crises and property holds. In an environment where developers cut prices**, it is expected in 2024Commercial housingThere will be a slight trend in the sales area.
In summary,Huang YuIt is not a guess, but is based on the observation of the current situation and the analysis of future trends. Expected in 2024Commercial housingThe sales area will decrease by 4 year-on-year9% is justified, and at the same time, it is a high probability outcome.
Huang YuAt the 2023 China Real Estate Big Data Annual Conference, 2024 was heldChina's property marketof the trend. She noted that the future recovery of the real estate market will depend on:Buying a houseis expected to recover in 2024Commercial housingThe sales area will appear 49% year-on-year decline. This ** is based on pairsBuying a houseis based on an analysis of expectations and observations of current market conditions.
Buying a houseexpectations are critical to the recovery of the real estate market. Currently, due to some headsReal estate enterprisesappearedUnfinished buildingphenomenon,Buying a houseconfidence has been severely undermined. For the futureRoom ratesExpectations of trends and expectations for future revenues also have an impactBuying a housedecision-making. Although in 2024 there will be more favorable policies introduced andMacroeconomicsThere will be a full recovery, thoughBuying a houseThe expected recovery is a gradual process and is therefore expected in 2024Commercial housingThe sales area will continue to show a slight trend.
At the same time,Huang YuIt is also supported by the reality of the situation. For example, the data on the sales area of newly built commercial residential buildings in the key 100 cities in 2023 will decline by about 5% year-on-year and the actions of some cities to cancel the developer's price limit order all indicate that under the influence of favorable policies and developer price reductions**, 2024Commercial housingThere may be a small ** in the sales area.
In summary,Huang YuThe vice president's ** is in line with the current market situation to a certain extentBuying a houseexpectations. Although 2024 will be favorable for the introduction of favorable policies andMacroeconomicsThere is hope for a recovery, thoughBuying a houseThe expected recovery of the user will still take time, so it is expectedCommercial housingThe sales area will continue to show a slight trend.