Andy Xie: First-tier city prices have peaked

"Hong Kong, Shanghai and other first-tier cities have peaked in prices!"　　"This is the statement made by independent economist Andy Xie at the Shanghai Bank's autumn investment Report yesterday. According to the Oriental Morning Post, the economist Andy Xie said at the Shanghai Bank's autumn Investment Report yesterday: "Prices have peaked in the first-tier cities of Hong Kong and Shanghai." ”。 Andy Xie said that the amendment to the Chinese real estate market gradually rebound in the recovery of the judgment, he even suggested that the hands of a number of real estate people should not be considered home purchase, instead can start to sell the house, "especially in the suburbs house prices turned 5 times times the property, now can be sold." "The price has already peaked and will be off now!" "Andy Xie reminds the market of the recent inflection point in housing prices, he made the above judgment is based on four reasons: first, the expectation of interest rate increase, the second is the government's policy on real estate regulation and control, the third is the market for the appreciation of the renminbi is expected to weaken; four is to reference the actual supply," by 2012, the real estate vacancy rate will be very All 1.3 billion people in China have a house. "We may then see that the volume of trading has been growing, while house prices have been Buthen for years and there is no second play in real estate."　　"In the next 12 months, there will be a slight drop in prices in the first-tier cities, followed by price movements, depending on the market's expectations of the renminbi," Xie said. Xie pointed out that the first-tier city housing prices are not moving, and the two or three-line city housing prices have a big increase in space is not advisable. He stressed that in the second-tier cities, housing vacancy rate can not be ignored, "real estate development is always in the first-tier cities, a few years later, the first-tier cities and second-line cities, the gap in housing prices may be greater." ”