Whether 10 new countries will usher in a turning point in the property market

Source: Internet
Author: User
Keywords Real estate property market inflection point
Tags control credit demand developers discount economic instant local
"New Country 10" will usher in the housing market "inflection point"? Experts say the short-term retreat of house prices is indisputable, the future will be a smooth rise in Beijing new house market discount promotions; The original cover plate reluctant developers began to tighten the put; "More than a quick retreat" to become a property market investors "on the" choice, second-hand housing transaction average price 8 weeks to "stagnation."  The real estate market this instant face, just because 14th began to announce a series of property market regulation of the new deal, especially "10" of the introduction. Into the April, the central government from the control of credit, even dozen real estate market control "combination Boxing", set off a new round of regulation of the storm. Judging from the wording and content of the new deal, the severity exceeded expectations, indicating a firm determination to curb the excessive rise in house prices. In the storm vortex, whether the real estate market ushered in a "turning point", and where will it go?  Will strong regulation affect macroeconomic trends?  The housing market usher in "inflection point"?  The short-term drop in house prices is no doubt policy-intensive, house prices have plummeted market expectations are increasing, but the housing market "inflection point" whether there are different views. "A short-term retreat can be said to be unquestionable." "In the" focus on the New Deal "forum hosted by Dispatch yesterday, Cao, director of investment and market research at the Institute of Industrial Economics of the Chinese Academy of Social Sciences, said that the two main factors driving the rise in house prices were unreasonable demand and the supply system. "New Country 10" issued, stressed that the market demand is the main reason for the rise in housing prices, the future will be severely punished developers to cover the reluctant behavior, strengthen the construction of security housing, and in some places to take a limited price auction land. "In terms of supply and demand, there is no reason to push up prices," he said. However, Mr Chan Kwok-keung, director of the Beijing Institute of Real Estate Research, argues that the policy is unprecedented and prices are expected to return.  But at present, can not accurately quantify the impact of the policy on turnover and house prices, so it can not simply be the market changes and the real estate "inflection point" to draw an equal sign, how to look at the next trend of regulation and control policies, as well as the implementation of the existing policy effect. Some people in the industry said that prices are far from adjustment in place, and later need to introduce tax policy and supply policy.  Tongzhou, for example, last year, the region's new home sales price of only 8000 yuan/square meters, this year to 25,000 yuan/square meters, although recently affected by the new deal, fell back to 22,000 yuan/square meters, but still higher than last year.  What's the "precision strike" Outlook? The real estate industry enters the steady rise stage "from the long-term policy face, the real estate control still must rely on the tax system reform, the real estate tax, the property tax promulgation is sooner or later."  "On the" precision hit "speculative real estate control measures, the Great Wall securities real estate industry researcher Wan Zhi think. "To repay the interest on the debt every year, local governments need a steady income, not a slump in the fiscal boom."  "In Wan Zhi's view, the land financial volatility is too large, and the first-tier cities to maintain a large number of land transfer is difficult, this is the real estate has become China's macro-economic time bomb is very important reason." Wan Zhi said that to changeThe above disease must seek a new tax, that is, property tax or property tax. He reckons that if the average tax rate reaches 1%, a year's revenue is at least 600 billion yuan, equivalent to half of last year's land income. "After the fall of the tax policy, house prices will gradually fall into a steady rising channel after a brief downward adjustment."  "Does regulation bring about side effects?"  Macro-economic overall situation the housing industry is highly correlated, just out of the haze of the international financial crisis, on the real estate market to dose, whether it will have "side effects" of macroeconomic trends caused many people worried.  Industry experts said that, although the real estate market recovery has played an important role in China's economic rebound, but the first quarter of China's GDP (GDP) growth rate of 11.9%, further economic stability, the stability of macroeconomic fundamentals and rising situation for real estate regulation provides a good foundation and environment. "A real estate bubble squeeze must be a good thing, but it must have a negative effect." "Beijing Aerospace University professor, doctoral tutor Jinjorn Frankly, local land finance is an old problem, the real estate industry regulation is bound to touch this area." "The shortfall in local financing platforms will not erupt this year, but sooner or later," he said. But he stressed that the government's regulatory measures also meant that it was ready to respond to the negative effects. Commercial newspaper reporter Qilin
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.