Author: Zongheng Lun City.
For a long time, many people only think that the housing prices in resource-exhausted cities and non-industrial cities have fallen more, such as Hegang and Rushan, where tens of thousands of houses can be bought casually, and there is no pressure to buy a house for most people.
There is also a category of metropolitan cities such as Huanjing and Huanning, which are due to excessive speculation in the hot period of the property market, and after the tide recedes, only a large number of speculative tenants are left on the top of the mountain, such as the Beijing News in the Huanjing property market investigated during the Spring Festival in 2024, an owner named Kangli bought a house in Yanjiao in 2018 with 40,000 square meters of **, and now hangs 150,000 square meters, what is sad is that no one has seen the house for half a year. In fact, there is a similar situation in several other counties and cities around Beijing, and most of the declines are about 6-7 percent.
The Nanjing metropolitan area is also in a similar situation, such as the opening price of a park in Jurong at the peak of 14w square meters, now the listing price is 5400 square meters, and the transaction price of a Chinese real estate in Chuzhou Xiahe is sold at a peak price of 12w square meters, now the listing price is only 7200 square meters, the opening price of a silver in Ma'anshan and County in 2021 is 7000 square meters, and the current listing price is 3500 square meters, and the transaction price of Baohua in 2019 is 16w square meters, now listed at 5200 square meters.
You know, this is still the listing price, to put it bluntly, hanging so low, it means that no one pays attention, no one looks at the house, if you really want to make a deal, it is bound to be a lot lower.
If most of the above local property market adjustments are due to the mismatch between local economic development, industrial development and the property market, then, in the following list of the 10 fastest cities with the fastest housing prices in 2023, there are many economically developed cities, such as Wenzhou, Shenzhen and other cities, all of which are on the list.
A special mention should be made here of Wenzhou, where the average price rises from a peak of 330,000 square meters have been adjusted all the way, and it has fallen to 2 in less than two years10,000 square meters, a drop of 36%, of course, this is the average price, in fact, the decline of some real estate must be more than this range.
As we all know, Wenzhou is located in the most economically developed eastern region of China, is one of the birthplaces of China's private economy, and is a city in the central area of the Yangtze River Delta, with a GDP of 873 billion yuan in 2023, an increase of 69%, economic growth is in the forefront of the country.
Even in the past five years, Wenzhou's achievements in the economy are obvious to all, and more than 20 indicators such as the added value of the private economy are ahead of Zhejiang and better than the whole country. According to statistics, the total value of traditional pillar industries and strategic emerging industries has exceeded one trillion yuan, and the number of listed companies in the city has reached 58, even excluding real estate, there is a multimillionaire in every 470 Wenzhou people, which is a veritable economically developed city.
However, it still can't stand the impact of the downturn in the real estate market, which is due to the general environment of the property market, as well as the factors of the Wenzhou property market itself. On the one hand, after all, it is a prefecture-level city, with an average price of 2-30,000 yuan, even if the industry is good, it is very difficult for young people to buy a house.
On the other hand, a city, well, think well, in order to obtain urban construction funds, Wenzhou land ** has been kept high, but what about the market demand? Due to Wenzhou's high housing prices, the number of immigrants is decreasing, and local talent is being attracted by nearby Hangzhou and Shanghai. Therefore, there are few people who buy new houses, and if the second-hand houses are mainly realized, they can only continue to reduce **, and buyers see that there is no sign of stopping the decline in house prices, so they simply wait and see.
From this we see a phenomenon, even though Wenzhou housing prices have fallen nearly 4 percent, but there are few people to see the house, in the words of local real estate agents, some houses have been hanging for more than half a year, more than a year, and there is no one to ask, let alone see the price of the house. The reason for this is fundamentally because the rich do not lack houses, and they still feel that the housing prices are high and they can't afford to buy them, even if some people have funds and needs, but the house prices still have no signs of stopping falling and rising, but they dare not make a move or are not in a hurry.
In fact, it is not only the cities listed by the ranking agencies that have seen a larger adjustment in housing prices. As some netizens left messages, the decline in their cities is not less than this, such as Wuhan, Zhengzhou, including Nanjing and other cities, some new districts and suburbs have even fallen by more than 5 percent, and some core areas have also fallen by 2-3 percent.
In the final analysis, the current round of property market adjustment is related to our general environment. The average price of second-hand housing in the country has fallen for 21 consecutive months, even large cities have not been spared, according to the data released by the statistical department at the end of last year, the monitoring of 70 representative large and medium-sized cities of second-hand housing ** no city**, which has not been seen for many years.
What does it mean? The trend of the property market has not been reversed, and there is no sign of housing prices stopping falling in the short term. Regarding the emergence of such a situation, the author agrees with the views of a well-known industry insider:
It is also right for the state to fully support the financing of real estate projects to ensure the delivery of buildings. Because this is in line with the spirit of the contract, if you buy a commodity, no matter what goes up or down, you should provide the corresponding house according to the contract, which reflects the spirit of the contract and is also conducive to social harmony and stability.
However, if the market wants to adjust, you should let it adjust thoroughly, otherwise, the demand side will always think that this is human intervention to control the rate of decline, even if it is slow down now, but buyers will still worry about the future adjustment, after all, the final ** is the market has the final say, the market value of hundreds of billions of dollars, not a few policies, a few funds can support. When the market falls into place, in line with our economy and income, it will naturally stabilize and the confidence of home buyers will return.
Fortunately, the state has paid attention to this in the property market control policy, allowing greater autonomy to be given to the local government, and there is no longer a requirement for price limits on the surface.