The property market in many places has seen a significant decline in prices, how long can high price

Mondo Finance Updated on 2024-01-19

With the acceleration of China's urbanization process, the real estate market has maintained a high temperature in the past few years, but the recent property market in many places has seen a significant decline, which makes many people begin to pay attention to how long the housing can last.

First of all, we need to understand the current state of the real estate market. According to data released by the National Bureau of Statistics, in March 2023, the sales area of commercial housing nationwide decreased by 13 percent year-on-year8%, sales decreased by 26 year-on-year6%。These data show that there is indeed a certain downward trend in the real estate market at present.

So, why is there such a slippage?On the one hand, the regulation and control policies on the real estate market have been continuously strengthened, so that the demand in the market has gradually decreased. On the other hand, the amount of ** in the market is also increasing, resulting in a gradual increase in oversupply. In addition, in order to quickly recoup funds, some developers began to sell houses at reduced prices, which further promoted the price of housing prices.

So, how long can the ** house last?In fact, ** house is not an overall concept, but refers to some high-end residences and luxury houses and other ** high houses. The ** of these houses mainly depends on a variety of factors such as their quality, location, type of house, etc. Therefore, we cannot simply say how long the ** house will last, but should analyze it for different housing types and locations.

Taking Beijing as an example, we can see that some high-end residential properties have indeed appeared. However, in the core areas of some core cities, due to its unique geographical location and resource advantages, ** housing still has a certain market demand. These homes generally do not appear significantly unless there is a significant change in the market environment.

In addition, for some ordinary residential and commercial and residential projects, although **is also **, the decline is relatively small. The ** of these houses is mainly determined by factors such as their quality and location, so their ** trend will also be affected by these factors.

To sum up, we can draw the following conclusions: First, there is indeed a certain downward trend in the real estate market, but this does not mean that the first house cannot be sustained. Secondly, the trend of **house** depends on a variety of factors, including quality, location, type of house, etc. Finally, the amount of money in the market and the regulation and control policies will have an impact on housing prices. Therefore, we should not simply *** how long the house lasts, but should analyze it for different housing types and locations.

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