Since 2023, with the in-depth adjustment of China's real estate market and the gradual tightening of policies, as well as the thunderstorm of many real estate giants, real estate projects in some cities have emergedUnsalable, overstockedphenomenon. Behind this, a state-led property acquisition campaign is quietly unfolding. Lao Chen will deeply analyze the phenomenon of houses being acquired by the state from multiple dimensions, the logic behind it, its possible impact and its significance to all relevant parties.
With the slowdown of economic development and the gradual disappearance of the demographic dividend, China's real estate market has entered a new stage of development. The disorderly, high-speed expansion model of the past is no longer sustainable, and has been replaced by a more stable and orderly development trend. In this process, the guidance and regulation of national policies play a vital role. And the acquisition of the house by the state is an inevitable phenomenon in this context. With the central bank ", ".Rental Housing Loan Support ProgramWith the establishment of the real estate market, a real estate market reform with rental housing as the core is quietly unfolding. Chongqing, as the fifth city to land a pilot project after Fuzhou, Jinan, Tianjin, and Qingdao, itsThe first batch of "house collection" actions attracted wide attention from the market with 7 projects and 4,207 suites.
1. The background and logic of the house being acquired by the state
The dual goal of destocking and stabilizing housing prices faces the problem of high housing prices and overstocking in some citiesThe state has put forward the goal of "destocking and stabilizing housing prices". To achieve this goal, it is not enough to rely solely on the adjustment of the market itself, and it is necessary to intervene。By acquiring a property, the number of properties on the market can be effectively reduced, thereby stabilizing the price of the property; At the same time, these acquired properties can also be used for the rental market or affordable housing to meet the needs of people at different levels. Preventing financial risks and maintaining social stabilityThe healthy development of the real estate market is essential for financial stability and social harmony. If housing prices continue, it will not only lead to an increase in bad bank debts and financial risks, but also cause social dissatisfaction and unrest. Therefore, the acquisition of real estate to support the market is not only to prevent financial risks, but also to maintain social stability. 2. Analysis of the impact of the house being acquired by the stateImpact on developersFor developers, the acquisition of a house by the state is undoubtedly a relief。In this way, they can quickly withdraw funds and reduce debt pressure; At the same time, it can also avoid asset depreciation and losses due to house prices**. However, this also means that developers need to be more cautious and rational in the development of future projects, and can no longer blindly expand and over-leverage as in the past. Impact on home buyersFor home buyers, the acquisition of a house by the state may bring a certain psychological impact and change in expectations. On the one hand, they may worry about further housing prices leading to asset shrinkage; On the other hand, they may also see the determination and strength of the market to stabilize the market, thereby increasing confidence in the future market. In addition, for those who have the need to buy a home but cannot afford the high price of housing, the rental market or affordable housing launched after the acquisition of the property will be a good option. Impact on the financial markets: The acquisition of a house by the state will have a profound impact on the financial markets. First of all, it will help alleviate the pressure of bad debts and reduce financial risks for banks. Secondly, it will also provide more investment opportunities and channels for the financial market; Finally, with the gradual stabilization and healthy development of the real estate market, the overall environment of the financial market will also be improved and upgraded. 3. Operation and management of the house after it is acquired by the stateThe fact that a house is acquired by the state does not mean that you can sit back and relax, and how to operate and manage these properties effectively is also an issue that needs to be seriously considered. On the one hand, it is necessary to establish a sound operation mechanism and management system to ensure that these properties can be reasonably used and effectively maintained; On the other hand, it is also necessary to strengthen cooperation and communication with all sectors of society to jointly promote the healthy development of the real estate market. The acquisition of houses by the state is an inevitable phenomenon in the development of the current real estate market, which is not only a means to regulate the market, but also a driving force to promote the healthy development of the real estate market. Although various problems and challenges may be encountered in this process, as long as we can look at it rationally and respond positively, we will definitely be able to find a path for the development of the real estate market that is suitable for China's national conditions. Looking ahead, we look forward to seeing a more stable, orderly and dynamic real estate market, which will provide strong support for the sustainable and healthy development of the economy and society.