As one of China's most dynamic real estate markets, Shenzhen has recently fallen into an unprecedented downturn. From the anticipation at the beginning of the year to the despair at the end of the year, the market's sentiment has experienced a rollercoaster of ups and downs. So, what happened to the Shenzhen property market?
We must realize that the best in Shenzhen's property market is not a source of water. The small spring of the property market at the beginning of the year was mainly due to the economic recovery and the concentrated release of housing demand. After the epidemic was effectively controlled, economic activities gradually resumed, and people's demand for housing was also released. At the same time, the introduction of some favorable policies, such as the reduction of loan interest rates, has also stimulated market demand. Therefore, the first property market in Shenzhen can be said to be the result of the combined effect of economic recovery and favorable policies.
However, the good times were short-lived. Over time, the market gradually entered a downward cycle. During this cycle, there was a reversal in the volume of transactions for new and used homes. Although new home sales still occupy some market share, sales have fallen sharply compared to last year. At the same time, the transaction volume of second-hand homes bucked the trend, rising by about 50% year-on-year. This shows that the second-hand housing market is relatively more active when the market is down. This may be because the second-hand housing is more accessible to the people and can better meet the needs of some buyers who just need it.
Why is it difficult to sell new homes in a market downturn?This is mainly due to the fact that the current ** inversion between new and second-hand houses has gradually decreased or disappeared. In the past, many people bought a new house for the first and second hand houses upside down. However, today's new homes** no longer have obvious advantages. At the same time, some new housing projects also have deficiencies in product strength, which is difficult to attract the attention of home buyers.
So, how should you choose a property when the market is down?In fact, as long as we jump out of the shackles of emotions, we will find that there are still many products worth paying attention to in the current market. Some new housing projects have certain advantages in terms of ** and product strength. For example, the Zongzhang Jade Mansion in Nanshan District has a good opening sales, of which 80 square meters of three rooms are all sold out. This is mainly due to the fact that the project is about 760,000 square meters, the total price starts at 5.5 million, and the cost performance is high. In addition, the product strength of the project itself has also been recognized by the market.
Of course, not all properties are worth buying when the market is down. We also need to be wary of some risks. For example, some highly leveraged real estate projects may face the risk of price reduction due to the tight capital chain. In addition, some luxury residential projects also need to be carefully selected, as the value of these projects may shrink significantly in the event of market volatility.
So, in the face of the challenges of market downturn and differentiation, how should we respond?First of all, we need to recognize that buying a house is not a simple matter. It requires us to have sufficient expertise and experience. Therefore, when choosing a property, we need to seek the help of a professional real estate consultant or agency. They can provide us with more comprehensive and professional advice and guidance.
Buyers should have sufficient execution and forward-looking. In the process of replacing a property, we need to keep an eye on market dynamics and policy changes. At the same time, we also need to formulate a reasonable buying and selling cycle and financial planning according to our actual situation. This is the only way to ensure that we get better returns and a higher retention rate in the property market.
It needs to be made clear: the Shenzhen property market will no longer have rain and dew, but will be replaced by differentiation. Core indicators such as industrial layout, plate prospects, product strength, circles and school districts will widen the gap between houses. Therefore, when choosing a property, we need to pay more attention to the analysis and evaluation of these core indicators. Only by choosing the right quality property that meets these indicators can we better withstand the risk of market volatility and achieve a better return on investment.
Although Shenzhen's property market has been precipitating at a low level for too long, this does not mean that there are no opportunities. As long as we have sufficient professional knowledge and experience, execution and foresight, as well as the ability to analyze and evaluate core indicators, we can obtain better returns and higher retention rates in the market. At the same time, we should also realize that buying a house is a major life event, and we need to make careful choices to avoid regrets.