China's real estate market is an industry that has attracted much attention, especially as it approaches the end of the year, and the trend and quality of the real estate market in 2024 have become hot topics. At the moment, there are many but diverse voices in the market about real estate, and there are different opinions on the real estate outlook in 2024. However, the recent statement of the Ministry of Housing and Urban-Rural Development provides us with a definitive conclusion. From December 21st to 22nd, the National Housing and Urban-Rural Construction Work Conference was held in Beijing, which clearly put forward the focus of real estate work in 2024, giving us a clearer understanding of the real estate market in the coming year.
The meeting of the Ministry of Housing and Urban-Rural Development pointed out that next year's work should adhere to the principle of seeking progress while maintaining stability, promoting stability with progress, establishing first and then breaking down, focusing on the housing and real estate sector, urban and rural construction sectorConstruction industryplates and the work of the underlying support plates. The meeting made detailed arrangements for the development plan for 2024, the most interesting of which is that it once again emphasized "housing not speculation", and put forward four major sectors for the first timeDirection of work
During the meeting, the Ministry of Housing and Urban-Rural Development did not change its statement on "housing for living, not speculation", and still insisted that the real estate market should adapt to major changes in supply and demand, and further strengthen risk prevention and control and healthy and stable development. This means that the long-term idea of real estate regulation remains unchanged, with the main goal of stabilizing the market and returning the real estate market to its basic function, that is, the residential function, rather than the speculative function. This is very noteworthy, indicating that the real estate market will continue to maintain a stable trend in 2024, and there will be no large-scale stimulus.
At the same time, the meeting of the Ministry of Housing and Urban-Rural Development for the first time proposed the "housing and real estate sector, urban and rural construction sector,Construction industryplates and basic support plates". ThisDirection of workThe proposal highlights that in 2024, the overall solution will be strengthenedComprehensive governanceof ideas. Among them, the "basic support plate" is a relatively unfamiliar concept, which mainly involves the foundation of the rule of law, engineering construction standards, science and technology driven, construction statistics, urban construction archives, talent support, foreign exchanges and publicity. Among them, the emphasis on first-class propaganda is particularly prominent, emphasizing the strengthening of positive publicity, accurate interpretation of policies, support the expansion of departments, give full play to the expert guiding role of "housing and construction think tank", promote online and offline integration, improve the production ability of new products, and enhance the effect of news and publicity.
Through the content of the meeting of the Ministry of Housing and Urban-Rural Development, we can clearly know that the real estate industry will continue to undergo in-depth adjustment and increase in 2024Comprehensive governancedynamics. Although the content may seem ordinary, it already contains a clear direction for the development of the industry, pointing the way for the real estate market in 2024.
First of all, the real estate market in 2024 will be a year of deep adjustment, but at the same time, it will be carried out more vigorouslyComprehensive governance。This means that ** will not only continue to promote the process of de-bubble and de-risk in the real estate market, but also strengthen the overall planning and coordination of various sectors. For example, the proposal of the basic support sector emphasizes the importance of the rule of law foundation, technology-driven and publicity, which will help improve the overall governance level of the real estate industry.
Secondly, the real estate market in 2024 will be healthier and smoother. The meeting's emphasis on "housing not speculation" and the idea of stabilizing the market indicate the guiding direction of the real estate market. Compared with this year, the market atmosphere and trading** in 2024 will be more stable, there will be no large ups and downs, and the overall trend will be a gradual return to rationality.
Thirdly, the mainstream of the real estate market in 2024 will be 23 megacities and first-tier citiesSecond-hand housingMarket. This trend has already been mentioned in past analyses and reaffirmed by the formulation of the Ministry of Housing and Urban-Rural Development's meeting. With the continuous advancement of the regulation of the property market,Second-hand housingThe market will become the main trading object of the market, forBuying a houseThere will be more options.
Through the content of the meeting of the Ministry of Housing and Urban-Rural Development, we can conclude that the real estate market in 2024 will continue to adjust and increase in depthComprehensive governancebut at the same time will be healthier and smoother. Although there is no large-scale stimulus policy, the overall ** will return to rationality and avoid large fluctuations. ForBuying a houseThis is especially true for megacities and first-tier citiesSecond-hand housingThe market will be a more attractive option.
ForInvestmentsThere is a need to take a longer-term view of the real estate industry. Instead of focusing on short-term ups and downs, it is better to focus on the long-term trend and policy orientation of the market. Under the stable guidance of housing not speculation, the real estate market will gradually return to its essential function, focusing more on providing residential demand rather than excessive speculation. Therefore, the real estate market in 2024 will be more stable and standardized, with fewer risk factors, but there will be no large ups and downs.
Finally, we would like to emphasize once again that 23 megacities and first-tier citiesSecond-hand housingThe market will become mainstream. ForBuying a houseto pay attention to these citiesSecond-hand housingThere will be more options in the market. If the above is not clear, we recommend reading our recent article to learn more about the market movements in these cities.
Overall, the real estate market in 2024 will be a deep correction andComprehensive governanceand at the same time will be healthier and smoother. We should take a longer-term view of the real estate industry and pay attention to the long-term trends and policy orientation of the market. Only in this way can we better grasp the opportunities and risks of the real estate market and make informed decisions.