In recent years, with the continuous development of China's economy and the continuous advancement of urbanization, the property market in third- and fourth-tier cities has become the focus of attention. However, recent data and realities show that the property market in third- and fourth-tier cities is facing severe challenges and adjustments.
With the Spring Festival approaching, returning to the hometown has become a hot topic. During the Spring Festival every year, a large number of migrant workers return to their hometowns, and many of them have the need to buy houses. Local governments and developers have also taken the opportunity to launch various campaigns in an attempt to attract homebuyers to their hometowns. However, unlike in previous years, this year's home-buying activities are facing greater difficulties.
According to statistics, the sales area and sales of commercial housing across the country have continued to decline, and the real estate market as a whole is not good. The mortgage data released by the central bank shows this trend, and the increase in housing loans has continued to decline, showing the adjustment trend of the property market. In addition, the phenomenon of continuous housing prices is also widespread across the country, and the vast majority of 70 large and medium-sized cities have experienced housing prices.
Behind this adjustment is the weakness of the economy and industry of third- and fourth-tier cities. For a long time, the development advantages of first- and second-tier cities have attracted a large inflow of resources and capital, while third- and fourth-tier cities are facing the challenge of imperfect economic and industrial structure. This problem is exacerbated by the ongoing loss of population, with many young people choosing to work outside the home or in first- and second-tier cities, resulting in a decline in the population of third- and fourth-tier cities. At the same time, the sheer volume of housing inventory has become a difficult problem to solve, and the surplus of housing ** makes it difficult for housing prices to continue**.
Therefore, there are more and more signs that the property market adjustment in third- and fourth-tier cities has become imperative. The crazy price increases of the past few years are unsustainable, and the correction now is a process of self-healing for the market. For investors and home buyers, only by looking at the changes in the property market rationally and choosing cities and projects with development potential and basic support can they better grasp the opportunities and achieve their home purchase goals.
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