Report Shanghai consumers willingness to buy houses has picked up, and satisfaction with real estat

Mondo Finance Updated on 2024-02-01

On January 9, a report jointly released by the Shanghai Social Survey Research Center and the Applied Statistics Research Center of Shanghai University of Finance and Economics showed that in the fourth quarter of 2023, the Shanghai consumer housing willingness index was 592 points, a sharp increase of 162 o'clock;The Timing of Buying a Home Expectation Index is 687 points, a significant increase of 124 points, the same as the same period last year. The two indices rose at the same time, reflecting consumers' expectations for the real estate market and consumers' willingness and expectations to buy a house increased.

Professor Xu Guoxiang, director of the Shangcai Branch of the Shanghai Social Survey Research Center and director of the Applied Statistics Research Center of the Shanghai University of Finance and Economics, said that in the fourth quarter of 2023, consumers' recognition of the current time to buy a house has increased significantly compared with the previous quarter, but the number of consumers who think that the timing is "good" is still at a low point in the survey range, and the number of consumers who choose "bad" timing has decreased significantly. It shows that consumer confidence has improved slightly in this quarter under the effect of the new policy on the property market.

It is reported that in the fourth quarter of 2023, Shanghai will meet consumers' demand for rigid and improved housing by adjusting ordinary housing standards and optimizing differentiated housing credit policies.

Dongguan** pointed out that in 2024, the property market optimization and adjustment policies will continue to be superimposed, and the results will be gradually reflected. The real estate industry is currently in the bottoming stage, with the continuous introduction of the property market optimization policy, the industry fundamentals are gradually repaired, the industry will get out of the bottom of the current round of downward adjustment cycle, and in the medium and long term, China may gradually enter the new model of the real estate industry of the dual-track system of "affordable housing + commercial housing".

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