2023 is about to pass, and the economic situation and real estate trend in 2024 have become a topic of concern for many people. As an important pillar of the national economy, the real estate industry has undergone more than a year of adjustment and is facing many risks and challenges. So, how will the real estate market change next year? **What signals did the economic work conference bring to the property market?
From December 11th to 12th, the ** Economic Work Conference was held in Beijing, which comprehensively summarized the economic work in 2023, analyzed the current economic situation in depth, and systematically planned the economic work in 2024.
The meeting stressed that next year, it is necessary to adhere to the general tone of "seeking progress while maintaining stability, promoting stability with progress, and establishing first and then breaking down", and introduce more policies that are conducive to stabilizing expectations, maintaining growth, and ensuring employment. At the same time, it is necessary to strengthen the counter-cyclical and cross-cyclical adjustment of macroeconomic policies, continue to implement a proactive fiscal policy and a prudent monetary policy, and strengthen the innovation and coordination of policy tools.
The tone of this policy is more positive, reflecting the accurate judgment of the economic situation and the scientific guidance of economic work. On the basis of "seeking progress while maintaining stability", we should pursue the driving force and path of high-quality development; In the process of promoting economic restructuring, transformation and upgrading, maintain stable and sustained economic growth; In the process of building a new development pattern and new development model, we should first cultivate new growth points and momentum, and then gradually eliminate backward production capacity and methods.
This policy tone also has an important impact and guiding significance on the real estate market. On the one hand, seeking progress while maintaining stability means that there will be no major fluctuations and changes in the real estate market, and the policy will continue to remain stable and continuous, avoiding excessive regulation or relaxation, and maintaining the stability and health of the market.
On the other hand, promoting stability means that the real estate market will accelerate its transformation and upgrading, promote a new model of real estate development, meet multi-level housing demand, and promote the benign interaction between real estate and the real economy. In addition, the first establishment and then the breakthrough means that the real estate market will speed up the elimination of backward production capacity and methods, optimize the structure and layout of real estate, and improve the quality and efficiency of real estate.
The meeting pointed out that it is necessary to continue to effectively prevent and resolve risks in key areas, including real estate, and resolutely adhere to the bottom line of no systemic risks. The meeting proposed that it is necessary to actively and prudently resolve real estate risks, meet the reasonable financing needs of real estate enterprises with different ownership systems without discrimination, and promote the steady and healthy development of the real estate market; accelerate the construction of affordable housing, the construction of public infrastructure for both ordinary and emergency purposes, and the transformation of urban villages. Improve relevant basic systems and accelerate the construction of a new model of real estate development.
This is the most ink on real estate work in the first economic work conference over the years, and it is also the most specific and clear on real estate work. This fully illustrates the great importance and strategic deployment of real estate. Judging from the content of the meeting, the main requirements and goals for real estate can be summarized into two aspects: one is to continue to prevent risks, and the other is to accelerate the construction of a new development model.
Continuous risk prevention is the top priority of real estate work in 2024. In 2023, the real estate market has experienced a series of risk events, including the debt crisis of real estate companies, delays in project delivery, and declining market confidence, which have brought huge pressure and impact to the real estate market.
In order to resolve real estate risks, the first and local governments have introduced a series of policy measures, including supporting the reasonable financing of real estate enterprises, strengthening the supervision of real estate enterprises, promoting the restructuring of real estate enterprises, and ensuring the delivery of housing, etc., which have achieved certain results, but it is still necessary to continue to make efforts to prevent the spread and outbreak of risks.
Accelerating the construction of a new development model is an important task for real estate work in 2024. The real estate market has entered a new stage of development, the old growth model has become unsustainable, and the new development model is still being explored and formed.
In order to adapt to the new market demand and development trends, a series of reform measures have been proposed, including accelerating the construction of the "three major projects", improving the real estate tax system, promoting the integrated development of urban and rural areas, and implementing urban renewal actions, aiming to build a livable, resilient and smart modern city to meet the people's yearning for a better life.
2024 is the first year of the 14th Five-Year Plan and a critical year for the real estate market. **The Economic Work Conference pointed out the direction and goals for the real estate market, and provided policies and guarantees for the real estate market. We have reason to believe that the real estate market in 2024 will usher in new opportunities and challenges, and will also show new vitality and charm. Let's look forward to what kind of surprises and gains the real estate market in 2024 will bring us! Real estate industry