In the current turbulent situation of China's real estate market, families who plan to buy a home in 2024 may face difficulties in choosing. To help these families navigate the complex property market**, we offer four valuable tips that we hope will give you some helpful guidance on your home buying journey.
First of all, we need to be rational about the volatility of housing prices. In recent years, China has effectively curbed the momentum of housing prices in first-tier cities and hot second-tier cities by increasing policy regulation and control. Despite this, the housing bubble in some areas has not completely dissipated, and fluctuations in housing prices are inevitable.
As potential home buyers, we should be rational about this volatility, avoid blindly following the trend, and learn to make a move at the right time. According to the latest data from the National Bureau of Statistics, in the first half of 2021, the sales area of commercial housing nationwide increased by 27 percent year-on-year7%, which indicates that market demand is still strong. However, in the context of policy regulation, the increase in housing prices tends to be stable, and buyers can choose the ** that suits them more calmly.
Secondly, pay attention to the housing rental market and grasp the policy orientation. China attaches great importance to the development of the housing rental market, and has continuously introduced relevant policies to promote the construction of a housing system that combines rental and purchase. Data shows that in 2020, the scale of the national housing rental market has reached 16 trillion yuan, and the market scale is expected to further expand in the future.
For families planning to buy a home in 2024, focusing on the rental market will not only ease the pressure of home ownership, but also provide more living options. In addition, with the support of the leasing market, the development prospects of the leasing market are broad, and investors can also take this opportunity to lay out related fields.
The third piece of advice is to optimize your home buying budget and lending strategy. Under the influence of the property market control policy, the credit policy has gradually tightened, and the amount of housing loan has been restricted. Therefore, home buyers should plan the loan amount and term reasonably when applying for a loan to avoid excessive debt. At the same time, it is necessary to fully consider its own economic strength and reasonably arrange the budget for buying a house. When buying a house, you should not only pay attention to the house price, but also consider the property fee, decoration fee and other related expenses. In addition, according to data from the National Bureau of Statistics, at the end of June 2021, the loan balance of China's household sector increased by 12 percent year-on-year6%, a slowdown from the same period last year. This means that homebuyers need to focus more on optimizing their budgets and lending strategies to ensure a smooth home purchase.
The last piece of advice is to focus on potential areas in the process of new urbanization. With the advancement of new urbanization, China's urban development has shown a trend of diffusion from first-tier cities to surrounding cities, and from hot second-tier cities to third- and fourth-tier cities.
This means that buyers should pay attention to these potential areas when choosing. How do you judge the development potential of a region?We can analyze the following aspects: first, the location of the region, secondly, the transportation facilities, as well as factors such as industrial development and population introduction.
In addition, we can also pay attention to the best planning and policy guidance, and grasp the context of urban development. Buying a house in a potential area can not only meet the needs of self-occupation, but also have a certain investment value.
In conclusion, families who plan to buy a home in 2024 can help them buy their ideal property by looking at housing price fluctuations rationally, paying attention to policy guidance and the housing rental market, optimizing home buying budgets and loan strategies, and focusing on potential areas in the new urbanization.
In the face of the complex property market, we must keep a clear head, follow the laws of the market, and make wise decisions.
At the same time, we should also maintain confidence in the country's regulation and control of the real estate market, and believe that the property market will be healthier and more stable in the future.