The country has really moved, and the property market has changedInsiders revealed that there are 2 types of people to pay attention to next year!
The evolution of the real estate market and the actions of the state.
Since March 2022, the good old guy US has raised interest rates 11 times in a row, with interest rates starting from 025% to 55%, a 22-fold increase. This series of interest rate hikes has raised concerns about the housing market. In fact, Wu Xiaoling, former deputy governor of the central bank, warned in 2018 that the increase in the US ** surplus will inevitably interfere with China's monetary development and affect China's real estate industry. This means that the rate hike is likely to be closely related to the housing market. Since the real estate industry concentrates 60% of the wealth of our residents, if left unchecked, it may lead to the collapse of the real estate industry, and even economic stagnation or even regression. Therefore, the state has taken a series of measures to correct the market and calm the risks in the real estate market.
Expansion: Successive interest rate hikes in the U.S. have led to higher interest rates, raising concerns about the housing market. In 2018, Wu Xiaobo said that the United States could influence the evolution of China's currency by increasing the **surplus, which in turn would have an impact on China's real estate industry. This may be due to the fact that the real estate industry occupies an important position in our country's economy, and once the real estate industry collapses, it will have a serious impact on the economy. Therefore, in order to deal with the risks in the real estate market, the state decided to take a number of measures.
Restoring people's trust is the key to breaking the mold.
Measures such as reducing the debt risk of real estate enterprises, increasing the construction of affordable housing, promoting the sale of existing houses, and strengthening the supervision of pre-sale funds are all aimed at restoring people's confidence. Over the past 25 years, the real estate market has grown tremendously, changing the environment in which people live. However, there have been some problems along the way, such as dilapidated buildings. Data shows that starting from 2023, the transaction volume of second-hand homes in at least 30 cities across the country has exceeded the transaction volume of new homes, and the annual growth rate of second-hand homes has reached 40%. This phenomenon shows that the second-hand housing market has reached its lowest point. So the problem we face is not that people are losing confidence in the real estate market, but that people are worried about the new home market. In addition, the Ministry of Housing and Urban-Rural Development also mentioned:"Build a better home"concept, which is fundamentally different from the past. It will not be easy to achieve this goal, first of all, developers need to take responsibility and slow down the pace of land acquisition and construction. Only by following this path can individuals and developers stop speculating on housing prices. On the other hand, it is also a way to restore public confidence.
Expansion: In order to restore people's confidence in the real estate market, the state has adopted a series of measures, such as resolving the debt risk of real estate enterprises, increasing the construction of affordable housing, promoting the sale of existing houses, and strengthening the supervision of pre-sale funds. Over the past 25 years, the real estate market has made great achievements and improved the living environment for people. But at the same time, some problems have arisen, and dilapidated buildings are a typical example. Data shows that from 2023 onwards, the transaction volume of second-hand homes in at least 30 cities has exceeded the transaction volume of new homes, and the growth rate of second-hand homes has even reached 40%. This shows that the second-hand housing market has reached its lowest point. Therefore, the current problem is not the loss of confidence in the property market, but the concern about the new housing market. In addition, the Ministry of Housing and Urban-Rural Development also proposed:"Build a better home"The concept is different from what it used to be. Achieving this goal will not be easy, and developers will first take responsibility for slowing down the pace of land acquisition and construction. Only by sticking to this practice can individuals and developers stop speculating on house prices. It can also be said that this is also a way to restore public confidence.
Starting next year, these two groups of people should be more vigilant.
At a time when the real estate market is starting to change, experts have some suggestions for two types of people who need special attention from next year. The first group of people are those who expect real estate** to return to the levels it was 20 years ago. While this view may not sound very appealing, it is actually true. If the house price** is 60% or 70%, 2021-early 2023 may be the best time. However, will this expectation come true?The answer is no. While house prices aren't as expected, they do come down compared to a few years ago, and the news is reassuring. So, if you're still planning to buy a home, my advice is to keep an eye on the changes in deposit rates. Because high deposit rates mean that people are encouraged to save money, which in turn leads to a decrease in the number of borrowers;Vice versa. Therefore, we all understand the truth.
Expansion: As the real estate market develops, experts warn that there are two categories of people that should be of particular attention from next year. The first group of people are those who expect real estate** to return to the levels it was 20 years ago. While this may sound a bit pointless, it is actually true. If house prices are really** 60% or 70%, then 2021-early 2023 may be the best time to buy a home. However, will this expectation come true?The answer is no. While house prices** have not been as big as expected, they are definitely down compared to a few years ago, which is good news. So, if you're still planning to buy a home, my advice is to keep an eye on changes in deposit rates. Since high deposit rates mean that savings are encouraged, fewer people will definitely take out loans and vice versa. We all understand the truth of this situation.
The second category is the ** home buyers in recent years. I coined a new word"Home buyers", refers to those who buy houses at a time when house prices are high and interest rates are high. In fact, they face a lot of difficulties. The first is that there is too much pressure on loans. Take a house with a total price of 2 million yuan and a house with a total price of 1.8 million yuan as an example, the interest rate is 4%, but the total interest difference for 30 years is 100,000 yuan, and the monthly repayment difference is more than 600 yuan. The second aspect is that moving comes at a cost. Most people sell their house first and then buy it, which is the traditional logic of buying a house. Since it is the first to buy a house, the pressure of moving will increase, which is difficult for anyone to accept. In short, whether it is the advancement of the property market or the behavior of the state, it is reasonable and in line with the development trend of the industry. After all, whether it is the property market or the manufacturing industry, there will be some problems encountered in the development process, and in order to solve these problems, adjustments need to be made. In fact, the real estate market is in the spotlight, and whether you buy a house or not, everyone will judge it. Even more special if you add to this the fact that this is indeed a moment that needs to be broken. What are your thoughts on this?Please don't hesitate to have a friendly discussion, like, follow and bookmark!