Since the beginning of 2023, the domestic property market has been in a long-term downturn. This trend has sparked concerns and speculation about the future direction of the property market. With the passage of time, there may be a more serious "house dumping wave" in 2024, bringing new challenges to the property market.
The wave of house dumping is intensifying, and these three types of people will withdraw from the property market in 2024
Speculators will sell their properties: Due to the downturn in the property market, speculators are at risk of a declining return on investment. In order to avoid further losses, some property speculators may choose to sell their properties and exit the property market.
The middle class trapped in the house: Many middle class people bought a property in the context of a downturn in the property market, however, due to the prolonged downturn in the property market, they found that the value of the property could not grow or even **. This leaves them in debt and have to consider selling their properties to ease their burden.
People with no fixed income: due to the downturn in the property market, the competition in the rental market has intensified, and the rent level is **. For some people with no regular income**, buying a property or paying high rents can be a huge burden. As a result, they may opt out of the property market and look for other housing solutions.
In the face of the grim situation of the wave of house abandonment, we should take a series of measures to deal with it:
Rational investing: For those considering buying a property, they need to rationally assess their financial situation and risk tolerance. Don't blindly chase the hot spots of property speculation, but choose a property that meets your personal needs and financial affordability.
Diversify: Don't put all your money into the property market, but diversify. Consider allocating funds to other areas, such as **, bonds, etc., to reduce risk.
Wait-and-see attitude: For those who have already purchased a property, if they are not currently able to get a satisfactory return, they can maintain a wait-and-see attitude for the time being. Don't sell blindly, but wait for the right moment.
The reasons for the intensification of the "house dumping wave" have a combination of factors
Property market downturn: For a long time, the domestic property market has been in a downturn. Home buyers' concerns about the future trend of the property market have led to a gradual increase in selling sentiment.
Declining return on investment: Due to the downturn in the property market, the return on investment of speculators has dropped significantly. This has led some speculators to choose to sell their properties to avoid further losses.
High house price pressure: Many middle-class people have to buy property debt due to high housing prices. However, due to the downturn in the property market, they found that the value of the property could not grow, or even **, which increased the pressure on debt.
Intensified competition in the rental market: Due to the increase in rental demand due to the wave of house dumping, the competition in the rental market has intensified, and the rent level has increased**. This is a huge burden for people with no fixed income, leading some people to choose to exit the property market.
In the face of the intensification of the tide of house selling, we should maintain a rational attitude and not blindly follow the trend or panic. It is necessary to have an in-depth understanding of your own situation and reasonably assess the risks and rewards of real estate investment. At the same time, diversification is also an important strategy, don't concentrate all your money on the property market. The most important thing is to stay calm and make informed decisions based on your actual situation.