In October 2023, the cold winter of China's real estate market did not show the slightest sign of recovery. According to the data, the housing prices of commercial housing in 70 large and medium-sized cities continued to decline, and the decline in new housing in second-tier cities narrowed by 01 percentage point, down 02%。New homes in first-tier cities fell by 03%, with significant declines in Beijing, Guangzhou and Shenzhen. Overall, the real estate market as a whole still lacks signs of heating up.
Although some policies have a certain impact on the market at this stage, it is still necessary to further stimulate market vitality. In the case of second-, third- and fourth-tier cities, the removal of restrictive policies may provide some opportunities for the market to recover. For first-tier cities, it is necessary to introduce a wider range of stimulus policies or adjust restrictive policies to release market demand. The central bank and the Ministry of Housing and Urban-Rural Development are full of confidence in the real estate market, and more reserve policies may be introduced in the future.
At the same time, projects such as the construction of affordable housing and the renovation of urban villages will also have a certain impact on the market. However, we must be wary of speculation in the real estate market.
It can be said that the current real estate market is still in a downturn. On the one hand, the impact of the macroeconomic situation, the slowdown in GDP growth, increasing employment pressure and other factors make the market demand insufficient;On the other hand, the restrictions of macroeconomic control policies, such as purchase restrictions and loan restrictions, have effectively controlled the overheating of the market, but also inhibited the vitality of the market.
It is worth noting that in the current policy environment, the market is still affected by speculation. Some real estate developers use hype concepts, false propaganda and other means to push up housing prices and create market heat. This behavior not only exacerbates the instability of the market, but also has a significant adverse impact on home buyers. Therefore, in the process of promoting the recovery of the real estate market, we must be vigilant against the risks of speculation and speculation and protect the legitimate rights and interests of home buyers.
In order to stimulate the real estate market, more aggressive measures are needed. On the one hand, the purchase restriction policy can be relaxed, giving more borrowing opportunities to buyers who just need to buy homes, and encouraging them to buy their own homes. On the other hand, it can reduce the tax burden and reduce the cost of buying a house, thereby stimulating market demand. At the same time, we should also increase support for projects such as affordable housing construction and urban village renovation to bring new demand to the market.
However, even aggressive stimulus policies cannot be achieved overnight, and the recovery of the real estate market will require a process. Under the regulation and control, the market demand gradually recovered, and investor confidence gradually increased, so as to achieve the sustainable and stable development of the real estate market. Therefore, it is necessary to flexibly use policy tools, closely monitor market movements, make timely adjustments, and strengthen market supervision to prevent speculation and unfair competition.
To sum up, China's real estate market is still in a downturn. **More proactive measures are needed to stimulate market demand and facilitate the recovery of the property market. However, in the process of promoting market recovery, it is necessary to be vigilant against the risks of speculation and speculation and protect the legitimate rights and interests of home buyers. Only through the active guidance of the market and the rational operation of the market can the sustainable and stable development of the real estate market be realized.
In the face of the continued downturn in China's real estate market in October 2023, ** and experts remain optimistic about the future outlook of the market. Although some policies have a certain improvement impact on the market, there is still a need to stimulate the market further.
For second-, third- and fourth-tier cities, the removal of restrictive policies may be an important way to stimulate market recovery. The implementation of policies such as purchase restrictions and loan restrictions has played a positive role in curbing the rapid housing prices, but it has also suppressed the demand for housing to a certain extent.
If these restrictive policies are lifted, it will release pent-up demand and help the market recover.
For first-tier cities, a series of regulatory policies have been implemented in recent years, so that housing prices have been controlled to a certain extent. However, this has also led to a cooling of the market and a wait-and-see sentiment among home buyers. Therefore, in order to stimulate market demand, it is necessary to introduce greater stimulus policies or adjust restrictions in a timely manner. For example, measures such as lowering down payments, easing loan terms, and reducing taxes on home purchases can be considered to boost buyers' desire to buy.
The central bank and the Ministry of Housing and Urban-Rural Development are full of confidence in the real estate market and said that more reserve policies may be introduced in the future. These reserve policies will help stabilize market sentiment and provide the necessary support to the market. At the same time, projects such as the construction of affordable housing and the renovation of urban villages will also have an impact on the market. The promotion of these projects will effectively improve the living environment of residents, meet people's demand for high-quality housing, and promote the stable development of the real estate market.
However, we also need to be wary of the risk of speculation in the real estate market. In the past few years, there has been some speculation in the real estate market, which has pushed up house prices. This kind of speculation not only distorts the relationship between supply and demand in the market, but also increases investment risks. ** and the regulatory authorities should strengthen the supervision of the market, crack down on illegal activities in the real estate market, and maintain the stability and healthy development of the market.
Overall, while China's real estate market is still facing a downturn in October 2023, ** and experts are optimistic about the market's prospects.