China's real estate market in 2024 will be affected by a number of external factors, including economic growth, money and credit, and regulatory policies. **We will continue to optimize policies on both the supply and demand sides and take measures to reduce themBuying a housecost andBuying a houseDoorsill. At the same time, the financial support policies on the enterprise side will be further refined to provide a better financing environment. From the efficient development of land to the promotion of major improvement projects, it will have a positive impact on the market situation. In this context, real estate companies need to formulate corresponding strategies, seize opportunities, and achieve transformation and upgrading. This article will use big data** to see the development trend of China's real estate market in 2024.
1.Policy optimization in first- and second-tier cities: Beijing and Shanghai are expected to reduce the down payment ratio for second homes, reduce mortgage interest rates, and optimize the criteria for identifying ordinary housing. At the same time, first-tier cities may optimize their suburban purchase restriction policies. Core second-tier cities are expected to fully lift purchase restrictions to release market demand.
2.Low-energy cities return to consumption: The market is expected to continue its downward trend, with urbanization and purchasing power dominating the market trend. These cities may be issued throughBuying a housesubsidies and other ways to promoteBuying a houseThe release of demand.
3.Advancement of urban village transformation: The transformation of urban villages is expected to progress as scheduled, and a number of projects will enter the implementation stage. Retrofit plans will be developed on a case-by-case basis and combined with inefficient, idle infrastructure to enable resource reuse.
1.Decline in new construction starts: Due to factors such as the slow recovery of new home sales, declining land transaction volumes, and high existing inventory, it is expected that the year-on-year decline in new construction starts will be around 10%, and the scale of new construction starts will be less than 900 million square meters.
2.Construction worksInvestmentsDecline: Declines in new starts and over-peak construction will continue to limit construction workInvestmentsRepair. Land acquisition fees are expected to fall further due to a decline in land transactions. Neutral scenario, real estate development in 2024InvestmentsThe amount is expected to decrease by 6 percent year-on-year1%。
3.Efforts to renovate urban villages and build affordable housing: The transformation of urban villages and the construction of affordable housing will become a driving force for developmentInvestmentsimportant dynamics. Driven by this policy, the developmentInvestmentsThe amount is expected to be basically the same as in 2023.
1.Prudent corporate strategy: The financing window period is critical, and prudent enterprises should be active and cooperativeFinancial institutionsdocking and broadening financing channels. At the same time, it is necessary to seize market opportunities, actively market, accelerate the return of funds, and implement transformation and upgrading strategies.
2.Insurer strategy: Insurers still need to take active action to solve the current problemsFinancePolicy window, active withFinancial institutionsDocking, try your best to deal with itDebtand fully guarantee delivery. In addition, it is necessary to actively dispose of assets, speed up the progress of clearance, seize policy opportunities to revitalize the stock, including unsold residential, non-residential, unstarted land, etc., and revitalize assets by converting them into rental housing or affordable housing.
China's real estate market in 2024 will continue to be affected by multiple factors. ** Will be reduced through the optimization of policiesBuying a housecost and threshold, promote the release of market demand. Similarly, real estate companies also need to formulate corresponding strategies according to market conditions, seize opportunities, and promote transformation and upgrading. The use of big data will provide enterprises with important market information and decision-making support. China Index will continue to provide big data services for the real estate industry to help enterprises take advantage of the trend and achieve better performance.