New Year s Message The property market in 2024 is worth looking forward to

Mondo Entertainment Updated on 2024-01-31

At the beginning of the article, let me tell you first:Happy 2024. Today is New Year's Day, the old and the new alternate, the beginning of the year. In the past 2023, we have experienced the ups and downs of the property market, the refresh of land prices in Guangzhou, the fall of favorable policies one by one, and the rotation of the gears of the timesGuangzhou's purchase restrictions are relaxed, social security is changed from 5 years to 2 years, and value-added tax is changed from 5 to 2!Official announcement!Guangzhou will implement new regulations on floor area ratio, and the price reduction in disguise will come true!Guangzhou** issued: Officially implement the recognition of housing without loans!

A number of banks issued announcements: the interest rate adjustment of this batch of existing housing loans will be implemented in a unified manner.

In 2023, we will always go to the forefront of the property market, listen to the doubts of home buyers about the property market, and then respond one by one with literary cohesion: How to calculate whether Guangzhou recognizes a house or not?The Q&A is here!

The overall reduction of the interest rate of the existing mortgage has begun!Some people's monthly payments have risen instead of falling?

Sweating over the whole year's data, don't say that 5 million can't buy a good house!

Today, for the next batch of new parents, I will pick up a new school map in Guangzhou.

Now, we welcome the arrival of 2024 with great hopes. In the new year, we hope that our views and analysis of the property market can clear the fog on the road ahead for you, so that you can have firm confidence to enter 2024.

About the property market in 2024

What are the issues that people are most concerned about?

The property market is constantly changing, and we cannot 100% predict the future direction of the property market.

But from some known clues, we can answer a few of the questions that everyone is most concerned about. Q1: Will house prices fall next year?

We often say that there are cycles in the property market, and it is the cycles that affect the ups and downs of the market.

The key to judging the direction of the property market next year is to judge where we are in the cycle. We have pulled the changes in the volume and price of new houses in the Guangzhou property market in the past 10 years, and it is not difficult to find that the rotation time of each cycle of the Guangzhou property market is about 3 years on average.

Judging from the performance of new houses in 2023, Guangzhou's property market is still in a situation of stabilizing at the bottom, regardless of volume and price. But in 2023, there are a few signals worth paying attention to. First, the release of a large number of favorable policies, including the relaxation of purchase restrictions, the recognition of housing without loans, etc., which is unprecedented in the history of Guangzhou's real estate, which means that Guangzhou's policy has reached the bottom of the probability. Second, several residential land auctions at the end of the year have been lifted from land price restrictions, and each of them has been scrambled by developers, which means that the confidence of developers has also begun to return. All kinds of performances are all grass snake gray lines for the direction of the property market in 2024. We predict that the property market in 2024 will still be stable, and there will be no significant price reductions, and the overall trend will show a slow recovery, and it is very likely to usher in a wave of obvious tailwinding in the second half of 2024. Q2: Will there be any new policies in Guangzhou?

The reason why many buyers are still waiting and waiting is that they expect Guangzhou to make bigger moves in the future. Generally speaking, the favorable policies for the property market are nothing more than starting from three aspects:

Demand side, supply side. The main impact on home buyers is the demand-side policy. Let's take a closer look at what relaxation Guangzhou has done on the demand side this year: heavy!Guangzhou's purchase restrictions are relaxed, social security is changed from 5 years to 2 years, and value-added tax is changed from 5 to 2!The minimum down payment of the provident fund is 20%!Guangzhou, just put a big move!Real hammer!The second set of commercial loans in Guangzhou has returned to the minimum down payment of 30%!

It can be seen that Guangzhou's regulation and relaxation of the demand side has been very in place, including:Social security, VAT, mortgage interest rate, down payment ratio, purchase limit, provident fundand so on, all of which were relaxed. Some time ago, Beijing and Shanghai relaxed the judgment criteria for ordinary residences, the minimum down payment ratio, and the lower limit of commercial loan interest rates. Many people are also looking forward to whether Guangzhou will follow suit. In fact, Guangzhou had already issued relevant policies in the middle of the year. Let's take a look at the current identification standards for ordinary residential buildings in Guangzhou: 1. The building floor area ratio of the residential community is 10 or more;2. The construction area of a single house is less than 144 square meters (including 144 square meters);3. The actual transaction ** is lower than the average transaction of housing on the same level of land ** 12 times or less (including 1.)2 times). See, the area of ordinary residential buildings in Guangzhou is originally 144 square meters and below, and there is no clear ** limit, but the transaction price cannot exceed the average price of housing on the same level of land 12 times, as for the specific average price, there is no way to investigate. It can be said that in the relaxation of the demand side, Guangzhou closely followed the market sentiment and dared to be the first. In terms of the relaxation of the supply side, it is mainly reflected in the support of financial institutions for real estate enterprises, the relaxation of local auction rules, and so on. At the end of 2023, Guangzhou has already relaxed the rules for land auctions, removing the restriction on the maximum land price and allowing the market to adjust itself. It can be said that Guangzhou has almost done what it should do, and the big moves that should be put are basically released. Q3: When is the right time to buy a house next year?The best time to plant a tree was ten years ago, followed by now. The same goes for buying a house.

For rigid needs, from the moment you make up your mind to buy a house, every moment is the best time to buy a house.

As we have said earlier, the Guangzhou property market is now at a relatively stable policy bottom, and there is no objection to arguing about short-term fluctuations.

What we need to do is to get a head start on a longer cycle.

Most families in need of real estate have been holding a property for about 5 years, and during this time, no matter how much it increases, it is only a fluctuation on the books.

As the old saying goes:

The one who can have the last laugh is the winner. But the important premise of having the last laugh is:

Grinn first.

In 2024, some plates

Doomed not to be peaceful

The new year will always come with the rotation of urban values. In 2023, every plot of land that has attracted widespread attention has buried the story line of the birth of new value in the property market in 2024. And one of the protagonists of the market in 2024 must be Panyu. In 2023, there will be a total of 11 important plots in Guangzhou, and Panyu alone will contribute 6 cases!

The product updates brought by these projects will bring more new vitality to the market and will also promote the reshuffle of the value of the area. In addition, the competition for luxury homes in the main city next year will remain fierce. Among them, the most fierce competition is Tianhe, Poly Yuan Village Project, China Railway Construction Tianhe Meihua Aluminum Plant Project, Yuexiu World Grand View Project, China Resources Tianhe Run Mansion has not yet entered the market, World Grand View Phase II, Jishancang plot is menacing.

One of these projects is enough to stir up the market. Next year's Tianhe market, it is not an exaggeration to say that it is a "melee of the gods". Tianhe riveted his strength, and Haizhu was not to be outdone.

Although there are not many plots sold in Haizhu this year, each one of them is heavyweight. For example, the Zhonghai Chung project, as well as the residential land in the western district of Pazhou at the end of the year, have the strength to compete with Tianhe.

The Guangzhou property market in 2024 will be full of shows. But what is certain is that no matter what the market changes, we will firmly stand side by side with home buyers, output warm and valuable market analysis for everyone, and take you through the property market.

Finally, on the first day of 2024, we also wish you all the best in the new year to buy your favorite house and settle in Guangzhou.

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