Population decline has an impact on the real estate market, but it doesn't mean that no one is buying a house. Here are some possible scenarios and reasons:
1.Demographic change: As the population ages, the proportion of the younger population declines, which may affect the demand for home purchases. However, there is still a need for home ownership among older people, especially to improve the quality of life or to live in retirement.
2.Policy implications: Various policies may be introduced to stimulate the real estate market, such as loan interest rate adjustments, housing purchase subsidies, etc.
3.Urbanization: Although the overall population is likely to decline, urbanization is likely to continue, meaning that the population will still migrate from rural to urban areas, increasing the demand for housing in urban areas.
4.Investment needs: Real estate is not only a need to live, but also a means of investment and value preservation. Even if owner-occupier demand declines, investment demand is likely to remain stable or grow.
5.Internationalization: With the increase in international exchanges, expats are likely to become part of the home buying market, especially in first-tier cities.
6.New urbanization: With the advancement of new urbanization, the real estate market of small towns and prefecture-level cities may usher in new opportunities.
7.Changing attitudes about living: Modern attitudes about "owning a property" are also changing, and some people may prefer to rent rather than buy.
So, while a declining population may have some impact on the real estate market, the actual situation can be affected by a variety of factors. The real estate market is a complex system that requires comprehensive consideration of economic, policy, social and other factors.