State involvement?Wang Jianlin's prediction of the property market may come true, don't misjudge the situation in 2024!
Recently, in order to prevent further defaults on debts and dilapidated buildings by real estate companies, the state has finally taken action against the real estate sector. The introduction of a series of favorable policies has injected new vitality into the real estate market. From banks issuing development loans to non-state-owned real estate enterprises, to cities such as Suzhou, Nanjing and Xiamen lifting restrictions on price reductions for real estate companies, to first-tier cities such as Beijing and Shanghai announcing lower down payments and interest rates, the policy environment of the entire real estate market is undergoing positive changes. These measures are aimed at stabilizing housing prices, enhancing market confidence and controlling financial risks. Some industry experts believe that the current round of real estate correction cycle is coming to an end, and by 2024, China's real estate market will usher in an explosion of transaction volume and a retaliatory price of housing prices**.
However, we can't ignore the prediction of influencer entrepreneur Wang Jianlin. He believes that it is impossible for any country's real estate industry to sustain more than 50 years of prosperity. 2019 is the 21st year of China's property market reform, and due to the impact of the epidemic, residents' incomes have declined, which can no longer support the current high housing prices. Therefore, not only will house prices not be ** in 2024, but they are likely to show a continuous downward trend. If we expect too much from our home prices**, it can lead to wrong results.
Stabilizing housing prices, boosting confidence, and controlling risks: The state has introduced a series of policies to promote the stable development of the real estate market.
1. Money flows to private real estate companies – supporting the recovery of confidence in the real estate market.
As of November, the five major banks of industry, agriculture, China, construction and communications have issued more than 30 billion yuan of development loans to non-state-owned real estate enterprises, which is an important measure for the state to inject funds into the real estate market. For the real estate market, the flow of credit funds is crucial to the vitality and stability of the market. On the one hand, banks can increase the funds of real estate development enterprises and help them tide over difficulties, and on the other hand, they can also enhance the market's confidence in the future development of the real estate market and avoid the negative impact of concentrated mines on the financial system.
2.Liberalization of price reductions for real estate companies – activating market demand and promoting the recovery of the real estate market.
Suzhou took the lead in opening up real estate companies to reduce prices"Try it first", allowing developers to decide whether to reduce prices and how much according to their own circumstances. Subsequently, Nanjing, Xiamen and other cities have also relaxed restrictions on price reductions for real estate companies. This series of measures aims to activate market demand and promote the recovery of the real estate market. By cutting prices, real estate developers can attract more buyers to buy houses in order to recoup the funds as soon as possible for production to save themselves. This measure not only benefits property developers, but also provides more options and incentives for home buyers, further promoting the activity of the market.
3.Lower the threshold and cost of buying a house - stabilize housing prices and ease the pressure of buying a house.
Since December, first-tier cities such as Beijing and Shanghai have successively announced a series of regulatory policies, including reducing the down payment ratio, lowering loan interest rates, and adjusting the identification standards for ordinary residences. The introduction of these policies aims to stabilize current housing prices, ease the pressure on home buyers, and lower the financing threshold and cost of home ownership. Reducing the down payment ratio and loan interest rate can ease the financial pressure on home buyers and allow more people to buy a house smoothly. Adjusting the criteria for identifying ordinary residential buildings can not only allow more people to enjoy the dividends of the housing purchase policy, but also reduce the value-added tax and registration tax payable by home buyers, and further reduce the cost of buying a house.
Wang Jianlin's prediction comes true: China's real estate market outlook and recommendations for 2024.
According to Wang Zhigang's ** and the current trend of the property market, it is expected that by 2024, the trend of China's property market will tend to stabilize, and show a trend of stability and decline. For a long time, the development of the property market has become saturated, coupled with the impact of the current global epidemic, people's income has decreased, and the ability to buy houses has decreased significantly, which can no longer support the existence of the current high housing prices. 因此,我們不能訓價會2024年樓價會有過度的升幅,下列說判。
For the outlook for the real estate market in 2024, we have the following three suggestions:
First of all, if you are a family with rigid needs such as settling down and getting married, you can take advantage of favorable policies such as price reductions by real estate developers and down payment and interest rates by banks to enter the market to buy a house. The current favorable policy has brought more choices and convenience to buyers who just need to buy a house, not only because they can buy a house with preferential prices, but also because they can enjoy various dividends brought by the policy.
Secondly, if the investment is speculative demand, the current round of national real estate regulation cycle has not yet ended, and there is still some uncertainty in the market. Blind investment is not advisable, and market risks should be rationally assessed to find the right investment opportunity.
Finally, if you already own multiple properties, now is the perfect time to consider. Selling a property at a high price can not only realize the funds, but also avoid the risk of future housing prices. In the coming years, house prices are likely to continue** and it will be more difficult to exit the market.
China's real estate market in 2024 is facing a period of adjustment and transformation. The introduction of favorable policies has injected new vitality into the market, but we must also look at it rationally. As home buyers, we must make prudent decisions based on our own needs and financial situation. At the same time, for the development of the real estate market, enterprises and the whole society should have a clear understanding and planning, stabilize the market, promote economic development, and realize the sustainable development of the real estate market.