Is the property market really coming, and are house prices about to start rising?
In 2024, Shanghai's property market ushered in good news, according to the statistics of Shanghai Lianjia, there are three areas in Shanghai where housing prices have increased by more than 10%.
In Shanghai's 16 districts, nine districts**, 7 districts**, and Pudong's new home transactions** have risen by more than 14%.
This completely breaks people's perception of housing prices, and has always said that the property market is sluggish, and housing prices are **, but the data is completely different from our feelings.
As soon as this data comes out, developers will suddenly have confidence, and the news of the recovery of the property market will begin to spread.
But can housing prices really rise in 2024, and can the recovery of Shanghai's property market lead to the recovery of other cities?
The expectations of people in the real estate industry for housing prices** are mainly based on these three factors.
First, loose policies will play a crucial role in the recovery of the property market. From the second half of 2023, favorable policies for the property market will be introduced one after another.
The policy has obviously changed from the restrictions of the previous two years to 180 degrees, and has begun to hold up real estate. Mortgage interest rates have been sharply lowered in a short period of time, more than expected;First-tier cities have implemented housing without loans, relaxed purchase restrictions, and many second-tier cities have completely relaxed purchase restrictionsThe demolition of urban villages has once again kicked off, and it has begun to create housing demand for the city.
Second, the economy is recovering. Accommodative monetary and fiscal policies are creating the conditions for economic recovery this time. As a result of the continuous decline in bank deposit rates, people will no longer tend to keep their money in the bank and start to use it to seek high-quality assets to invest in to protect their assets from depreciation. The property market and ** will be hit by hot money, and the assets ** are expected to be substantial**.
Third, the dollar rate hike cycle is coming to an end, and interest rate cuts are about to begin. Economists generally believe that with the current economic situation in the United States, in 2024, the dollar will cut interest rates. In this way, a large amount of money will flow back to the country for investment and trading.
This part of the money will also enter the property market, which can push up housing prices**.
Based on the above three points, the developer's expectations for housing prices have been **, if these three aspects have been forced, they think that the housing prices are reasonable.
Therefore, as a home buyer, it is also necessary to pay more attention to the changes in the property market policy and the flow of funds, so as to avoid losses in this round of housing prices.