Institutions sing: The earliest years will be a substantial decline in housing prices

The big financial institutions that have been in the multi-empty game have been looking at the end of the same period, most of them think that prices will not continue to rise, some agencies said, the earliest this year will be a substantial decline. The agency's response was more straightforward, with some predicting in the latest report that a large area of check-out could occur in the short term. And buyers, developers began to fall into the wait-and-see, part of the opening of the developers chose quietly small price reduction. The majority of developers ' capital chains have not been as optimistic as they were last year, a large property company said.　　Morning Post reporter Liu Shouhao organization: Collective Sing empty investment bank Morgan Stanley released its latest report saying the government's curbs on speculation in the property sector as a whole are appropriate and reasonable, but in the short term, the Chinese government and the market are at risk of overreaction. Persistent asset-price inflationary pressures are likely to become the norm rather than the exception in China's economy, which poses a continuing challenge for policymakers, the report said.　　The bank expects more detailed policy measures to be introduced in the next few days by local governments, the central bank and government departments such as the big state-owned commercial banks and the CBRC. Monetta (Beijing) Investment Development Co., Ltd. analyst Wang Yu said that the initial adjustment in housing prices may be in the middle of this year: the expected pre-sale conditions in some cities in the first half of this year may be relaxed, so that the supply of explosive growth this year from the three or four quarter to two quarters ahead of schedule.　　At the same time, in addition to the liquidity into the real estate market to implement the actual control, the intensive macro-control will also make the demand quickly into a wait-and-see state, housing prices in the middle of this year or so may have some adjustment　　Goldman Sachs believes that strict enforcement of the new mortgage restrictions will hit some of the city's property speculation, affecting short-term turnover and prices. CICC believes that the new deal in the differential credit policy is more operational, is expected to provide more flexibility in the stock market (ie second-hand housing) will be the first impact, with the three quarter of the new house market supply released, housing prices should be able to be smooth.