Chi-Qiang predicts that prices in China will not fall until after 2020

Chi Qiang predicts that prices in China will not be reduced until 2020 . Real Estate Network house.focus.cn September 05, 2007 07:17 Thousand Dragon Net

In a recent forum sponsored by National Federation Real Estate Association, Huayuan Group President Ren Zhiqiang (ren zhiqiang blog, Ren Zhiqiang news, Ren Zhiqiang said) that China's housing prices will not be able to decline after 2020. Ren Zhiqiang, who argued that prices could still rise to 2015, argues that house prices could rise to 2015, mainly from a demographic perspective. From a demographic point of view, by 2015, the proportion of young people in China will begin to decline, according to the already determined population birth situation can be calculated, so far, China's 30 years old adult population is about 300 million, to 2015 is more than 500 million, this is the peak, The continuing decline in the adult population after 2015 will lead to a weakening of demand for homes. But Ren Zhiqiang believes that housing demand will not fall after 2015, when the population declines, no one at this stage will buy a house, and the demand for their home purchase and the need to marry and have children continue for more than 5 years. According to this inference, China's housing prices are likely to fall after 2020. In the demographic structure, the period after 2020 is the relative balance between demand and supply. (Edit: Sima)