Entering 2024, we have to admit that the domestic property market is undergoing a round of adjustment. According to the National Bureau of Statistics, house prices and floor space for sale are declining, which has made many people full of doubts about the future of the property market. And for those who haven't bought a home yet, now is the time to get ready. Although the property market correction has brought some risks, there are also potential opportunities waiting for us.
Along with the correction in the property market, some large developers have started to cut prices significantly**, which provides an opportunity for those looking to buy a home. Well-known developers such as Poly and Vanke have participated in price reductions, and house prices have fallen by as much as 40%. In addition, many homeowners are also selling**, and if the price is lower than the market price, the transaction may go more smoothly. In Shanghai, for example, the price of a second-hand house in the city center was slashed from 7.2 million yuan to 5.6 million yuan.
For families who just need to buy a house yet, this is a once-in-a-lifetime opportunity to pick up the leaks. Whether it's a new home or a second-hand home, the opportunities are just around the corner. Future developers may join the army of price reductions**, and homebuyers can benefit from this.
As the downturn in the property market continues, the regulatory policies for the property market are also being strengthened. In 2023, various cities will successively relax their purchase and loan restriction policies, and banks will also reduce mortgage interest rates and down payment ratios to provide more convenience for home buyers. In addition, first-tier cities have also introduced a policy of "recognising housing but not loans", which has reduced the pressure on home buyers. Throughout 2023, there will be more than 500 property market control policies.
After entering 2024, as the property market adjustment continues, more rescue policies will be adopted. This will further reduce the cost of ownership for homebuyers, providing more opportunities for those who are ready to enter the market. Therefore, home buyers need to be prepared for more regulatory policies, understand the changes in policies in advance, and grasp the timing of home purchases.
For low-income families, housing prices have always been a problem for them. However, China has recently launched a new round of real estate reform plan, planning to build 6 million affordable housing units in the next five years to meet the needs of low-income families. Affordable housing** will be well below the market price, which is good news for low-income families.
The pricing of affordable housing is mainly composed of land cost, construction cost and reasonable profit, so it is relatively close to the people. Low-income families no longer need to worry about high housing prices, they can patiently wait for the time to buy affordable housing. This will help alleviate the difficulties of low-income families in buying a house and provide them with more protection.
As 2024 approaches, for those who have not yet bought a house, they need to be prepared accordingly in the face of the trend of property market adjustment. First of all, it is necessary to seize the opportunity to pick up leaks and actively participate in the developer's price reduction and second-hand housing sell-off. Secondly, it is necessary to pay attention to the changes in the regulation and control policies of the first country, and do a good job in the assessment and planning of the cost of buying a house. Finally, buying affordable housing is a good option for low-income families, who can be patient and prepared.
It is believed that with the adjustment of the property market, people who have not yet bought a house will have more opportunities to realize their housing dreams. But at the same time, be aware of the risks and be fully investigated and prepared. Buying a home is an important decision that needs to be approached with caution. I hope the above preparations can be helpful to everyone, and I wish everyone can buy a satisfactory house in 2024.