Text | 10:07
Edit | 10:07
It's hard to get rich if you don't want to! Follow me, like me, let you prosper financially, and make a fortune all the way!
China's property market, which carries the dreams and wealth of countless people, is now standing at the crossroads of history, the prosperity of the past is like yesterday's yellow flowers, replaced by the tension and uneasiness in the air, the fluctuation of housing prices, the adjustment of policies, the change of the mentality of home buyers, all of which are affecting people's sensitive nerves
We can't help but ask, what happened to China's property market? Why did the real estate industry, which was once regarded as the backbone of the economy, come to this point? Are those towering concrete jungles a haven of dreams or a harbinger of crisis?
In 2023, the vane of the property market seems to be quietly changing, the former "house rush boom" has become a thing of the past, replaced by the wait-and-see and hesitation of home buyers, developers are no longer as rich as in the past, and the haze of broken capital chain envelops the entire industry
The adjustment of the policy has also cast a shadow on the property market, although the introduction of policies such as purchase restrictions and loan restrictions, although it is to curb the rapid rise in housing prices, but also brought uncertainty to the market, and the mentality of home buyers has also undergone subtle changes
All of this indicates that China's property market is undergoing an unprecedented deep adjustment, and the results of this adjustment will profoundly affect the future direction of China's economy and will also be related to the vital interests of millions of ordinary people
In the face of such a complex situation, we can't help but ask: can China's property market go back to the past? Will those former glories become the dust of history?
The answer may not be promising
China's property market is facing unprecedented challenges, the most serious of which is the risk of capital chain breakage, the real estate industry has a huge demand for funds, developers often rely on high leverage to operate, with the tightening of financial policies, bank loans are more difficult, interest rates continue to rise, developers' capital chain is under unprecedented pressure
The picture comes from the Internet
This is still the case for those large real estate companies that used to be prosperous, not to mention those small and medium-sized developers with small and medium-sized development capabilities with weak anti-risk ability, and the risk of capital chain rupture is like a time bomb that may detonate the entire industry at any time
Once the capital chain is broken, the developer will not be able to pay the project payment on time, repay the bank loan, and may even lead to the suspension and completion of the project, which will not only cause huge economic losses to home buyers, but also seriously damage the stability of the financial system
In addition to the risk of capital chain breakage, the fluctuation of market sales collection has also become another sword hanging over the head of developers, in the past, developers rely on the pre-sale system, can quickly withdraw funds, maintain cash flow, as the property market cools down, buyers have a strong wait-and-see mood, the market volume has declined sharply, and the developer's sales collection has also decreased
The reduction of sales proceeds directly affects the capital turnover of developers, making it more difficult for them to cope with the pressure of the capital chain
In the current financial environment, financing channels have narrowed, financing costs have risen, and it is becoming more and more difficult for developers to obtain financing
Some developers with strong financial strength can also raise funds through bond issuance, equity financing, etc., but for those smaller developers with lower credit ratings, these financing channels are almost out of reach
In order to attract home buyers, developers have launched various incentives, such as price reductions, free parking spaces, fine decoration delivery, etc., which often have limited effect in the context of low market confidence
In the past, people generally believed that house prices would continue to rise, and buying a house was a sure-fire investment, but with the continuous increase in property market control policies and the slowdown in house price growth, people's expectations have begun to change
More and more home buyers are aware that house prices do not only rise and fall, but also that there are risks in investing in real estate, and they no longer blindly follow the trend, but analyze the market more rationally and make decisions carefully
The picture comes from the Internet
The intensification of the wait-and-see sentiment of home buyers has further shrunk the market transaction volume, which in turn has increased the sales pressure on developers, forming a vicious circle
The adjustment of the policy was originally to guide the healthy development of the property market, but the frequent changes in the policy have brought greater uncertainty to the market and intensified the wait-and-see sentiment of home buyers
In order to curb the rapid rise of housing prices, some cities have introduced policies such as purchase restrictions and loan restrictions, which have suppressed speculative demand to a certain extent, but also inadvertently hurt some buyers who just need to buy houses
The frequent adjustment of the policy makes buyers at a loss, and they do not know when to buy a house is the best time, and they are worried that if they buy a house now, the policy may be more stringent in the future, resulting in their inability to enjoy the policy dividend; And if you don't buy a house now, house prices may continue to rise in the future, and you will miss the opportunity to buy a house
This uncertainty makes home buyers more inclined to wait and see, waiting for the market to become clearer before making a decision
Policymakers are also faced with a dilemma: they need to curb the rapid rise in housing prices and prevent the formation of a housing bubble; In addition, they should also take into account the role of the real estate industry in driving economic growth, and avoid large fluctuations in the economy due to excessive policy regulation
How to find a balance between stabilizing growth and adjusting the structure is a difficult problem for policymakers
China's property market, a giant ship carrying the dream of billions of family wealth, is sailing in the turbulent market ocean, with a long road ahead and full of unknowns and challenges
The picture comes from the Internet
The phenomenon of "ghost towns", a term that has appeared frequently in recent years, may be a microcosm of the challenges facing China's property market, with those high-rise buildings rising from the ground but empty, as if silently telling the risk of the property bubble bursting
Blind expansion and overdevelopment are an important cause of the phenomenon of "ghost towns", and some local governments blindly approve real estate projects in pursuit of GDP growth, resulting in an oversupply of housing and eventually forming uninhabited "empty cities"
The phenomenon of "ghost towns" is not only a huge waste of land resources, but also a potential financial risk, once the housing bubble bursts, those vacant houses will become bad debts of banks, and then trigger a financial crisis
To solve the problem of "ghost towns", the government, enterprises and individuals need to work together, the government should strengthen planning guidance, control the scale of real estate development, and avoid blind expansion; Enterprises should change their development model, shift from the pursuit of scale expansion to the pursuit of quality improvement, and develop more residential products that meet market demand; Individuals should buy houses rationally, avoid blind investment, and avoid becoming a maker of "ghost towns".
China's property market is standing at a new historical starting point, and the road ahead requires us to explore and create together
As an important pillar of the national economy, the development of the real estate industry is related to the national economy and people's livelihood, in recent years, China's property market has appeared some phenomena worthy of attention, such as housing prices continue to rise, speculation is prevalent, some cities appear "ghost towns", etc., the emergence of these phenomena, not only the market itself development law reasons, but also with the government's policy regulation, business behavior, personal consumption concept and other factors are closely related
In order to promote the healthy development of the real estate market, the government, enterprises, individuals and other parties need to work together to form a joint force in order to promote China's property market to a better future
As the maintainer of market order and the main body of macroeconomic regulation, the government plays a vital role in the real estate market, and the government can guide market expectations, stabilize market order, and promote the healthy development of the real estate market by formulating reasonable policies
The government should adhere to the positioning of "houses are for living, not for speculation", take stabilizing housing prices and stabilizing expectations as the goal of regulation and control, avoid large fluctuations in housing prices, and can curb speculation and speculation through policy means such as purchase restrictions, loan restrictions, and real estate taxes, and guide the flow of funds to the real economy
The picture comes from the Internet
The government should increase investment in affordable housing, solve the housing difficulties of low-income groups, and provide housing security for low-income groups through the construction of public rental housing and low-rent housing, so that they can live in a home
The government should also strengthen the supervision of the real estate market, standardize the market order, prevent illegal development, false publicity, price fraud and other behaviors, and can establish and improve the real estate market credit system, increase the crackdown on violations of laws and regulations, and safeguard the legitimate rights and interests of home buyers
As the main body of the market, enterprises play an important role in the real estate market, enterprises should abide by market rules, operate in good faith, develop and build residential products that meet market demand, and provide consumers with high-quality housing and services
Enterprises should change their development model, from the past pursuit of scale expansion, high profit model, to the pursuit of quality improvement, sustainable development model, to pay attention to product quality, improve the design level, construction quality and property service level of housing, to meet the diversified needs of consumers
Enterprises should actively fulfill their social responsibilities, participate in the construction of affordable housing, and contribute to solving the housing difficulties of low-income groups
Enterprises should also strengthen self-discipline, abide by industry norms, put an end to illegal development, false publicity, price fraud and other behaviors, operate in good faith, establish a good brand image, and win the trust of consumers
As a participant in the market, individuals also play an important role in the real estate market, and individuals should consume rationally, choose the right housing according to their actual situation, avoid blindly following the trend, and avoid becoming a "house slave"
Individuals should establish a correct concept of consumption, live within their means, avoid excessive debt, and choose the appropriate housing area, location and price according to their own income level, family situation and other factors, so as to avoid heavy economic burdens due to the purchase of houses
Individuals should look at housing prices rationally, avoid blindly following the trend, understand the supply and demand relationship of the real estate market, policy environment and other factors, rationally judge the trend of housing prices, and avoid blindly following the trend and taking over at a high level
The picture comes from the Internet
Individuals should also improve their risk awareness, understand the relevant laws and regulations of house purchase, avoid falling into the trap of house purchase, choose formal real estate development enterprises and intermediaries, sign standardized house purchase contracts, and safeguard their legitimate rights and interests
China's property market is in an important transition period, in this period, the government, enterprises, and individuals need to change their concepts, adjust their behaviors, and work together to promote China's property market to a healthier, more stable, and more sustainable future
This article is only used to spread positive energy, no vulgar content, if there is any infringement, please contact to delete.