National Bureau of Statistics: the era of Real Estate profiteering has ended

The National Bureau of Statistics issued an Economic Review yesterday, saying that at present, both the macroeconomic situation and the policy level and the demand level are not
"The era of profiteering in real estate has ended. After a 10-year increase in house prices
The production market began to return to the rational market ."

House price increases fall by month

"From the overall trend, current house price increases are falling by month, but the magnitude is not very large ." According to the Economic Review
In a shrinking market, developers must find a balance between the withdrawal rate of funds and the profit rate. In the world, there is no increase but not decrease.
Real Estate Market. "The demand for house purchasing is subject to a series of real estate-related controls such as monetary policy, land policy, and tax policy.
Policy restraint, the real estate bubble is squeezed, and house prices are losing momentum ."

According to statistics, from the first five months of this year, the total area of new commercial houses and second-hand houses in 40 key cities fell by 24.9% year on year,
20.9%. In the first half of the year, the home sales prices of 70 large and medium-sized cities nationwide showed a decline in both year-on-year and month-on-year growth.

To curb speculative demand, the central bank and the China Banking Regulatory Commission have raised interest rates and raised deposit reserves for many times since the second half of last year.
Rate policy and measures, from developers and buyers to tighten the credit gate, improve loan conditions, and curb speculative demand. This year
In January, the State Council issued the "Notice on promoting conservation and intensive land use", which will be withdrawn for free if the land is idle for two years. "
In the first half of this year, the Central Bank still implemented a tight monetary policy to raise the RMB deposit reserve ratio five times in the first half of this year.
This means that real estate developers are more difficult to obtain development loans, and the funds are getting tighter ."