China's fertility rate has been declining in recent years, which means that the base of demand for housing is gradually shrinking. Slowing or negative population growth has a direct impact on the long-term demand in the real estate market.
The decline in fertility has led to a decrease in the demand for new home purchases, which, combined with the previous high home ownership rate, has changed the supply and demand relationship in the real estate market. This has indeed brought challenges to the development of the real estate industry, and it may be difficult to repeat the "golden age" of the past with a general rapid rise and large-scale development and construction.
According to statistics, the homeownership rate of urban households in China is already very high, which further reduces the demand for home purchases. With most households already owning a home, it is natural that there will be less demand for new homes.
As fertility decreases, the demand for new housing gradually decreases. A high home ownership rate means that the market is saturated, and the demand for homes is no longer as strong as it used to be.
Taking into account the current situation of declining fertility and high housing ownership of the population, as well as the impact of economic and policy factors,
It will be difficult for the real estate industry in most parts of the mainland to return to its previous "golden age". Once the boom in the real estate market led to tremendous economic growth and wealth accumulation, those days of soaring may be gone forever.
In short, China's real estate market is currently going through a period of profound adjustment, and the future market trend will depend on the combined impact of a variety of factors. For home buyers, it is necessary to make informed decisions based on their actual situation and market changes.