Lian Ping: The change of supply and demand in the real estate market and the future trend of housing prices.
Recently, Lian Ping, Chairman of the China Chief Economist Forum and President of Guangkai Chief Industry Research Institute, conducted an in-depth analysis of the supply and demand relationship of the current real estate market and put forward unique insights on the future trend of housing prices in an interview with "Economists' Suggestions for China's Economy in 2024". He pointed out that the relationship between supply and demand in the real estate market has undergone major changes, from the past to the current oversupply, which means that it is difficult to have the basis and conditions for a large number of housing prices in the future.
Dean Lian Ping's views are based on long-term, in-depth observation and research on the real estate market. He pointed out that with the acceleration of urbanization and the improvement of residents' income levels, the demand for the real estate market continues to grow. However, in recent years, the amount of real estate has also increased significantly, especially under the promotion of the policy of increasing land and encouraging real estate enterprises to increase investment, there has been a significant improvement at the first end.
The impact of this change in supply and demand on house prices is obvious. In the past, due to the shortage of supply, housing prices generally showed a trend. But now, with the increase in the number of houses, the market has gradually turned to a state of oversupply, and the pressure on housing prices has been reduced. Lian Ping believes that this trend will continue in the next few years, and it is less likely that housing prices will be significantly larger.
For the future development of the real estate market, Lian Ping put forward several suggestions. First of all, we should continue to increase the amount of land to meet the market demand. At the same time, real estate enterprises should be encouraged to improve development efficiency and reduce costs to maintain the stability of housing prices. In addition, the supervision of the real estate market should be strengthened to prevent speculation and excessive speculation from having a negative impact on the market.
Lian Ping's views are of great guiding significance for us to understand the current development trend and future direction of the real estate market. With the transformation of supply and demand, the real estate market will gradually move towards a rational and stable development track, which is of positive significance for promoting the sustainable and healthy development of China's economy.