China's 10 sharp drop 80% new customers pan Shiyi says the property market is approaching a turning point

Source: Internet
Author: User
Keywords Beijing property market inflection point
Tags customer demand customers demand drop market market demand project soho china
Beijing second-hand housing listings in the past 4 days, the new increase of more than 3,000 sets. The introduction of the new "Country 10", the rapid warming in the first quarter since the Beijing property market began to cool off. Reporter investigation found that the housing market new Deal 4 days, the Beijing real estate market demand plummeted 80%.  Pan Shiyi, chairman of Soho China's board of directors, said the housing market "inflection point" is approaching and how the price of house changes will be seen in the next one months. 20% homeowners willing to cut prices the State Council last week issued a special report on the determination to curb the rapid rise in prices in some cities, the five major total of 10.  This is known as the new "Country 10" property market, from the government regulation, financial policy, transaction tax, land transactions, housing supply and other aspects of strict regulations, known as "the strongest ever strength property market regulation."  Reporters from Beijing to understand that this month 14th to 18th 4 days, Beijing second-hand housing market new customer demand for only 2000 sets, only the same as the day of 13th new demand, the new customer demand fell 80%. At the same time, Beijing second-hand housing in the past 4 days the new increase of more than 3,000 sets, compared to the previous market average level rose 40%, especially Tongzhou District, Wangjing, also Zhuang, Daxing, Changping and other fields, the increase in the number of year-on-year increases reached the double.  60% of homeowners say they are no longer raising prices, and 20% of homeowners are willing to cut prices. Seller's market to the buyer's most eye-catching or large sellers collective shipments.  Last weekend, the North three ring a project a Zhejiang fried guest to throw more than 20 sets of listings, the total price of nearly 130 million yuan second-hand housing history of the largest single, broke through last December, Chaoyang District, a project sold records. Only two days on the weekend, an intermediary statistics show that the one-time sale of 5 suites has appeared more than 50.  In addition, in the new house market, some developers have begun to quietly reduce prices, Tongzhou Two project sales staff are claiming that the opening price has a substantial discount, up to 3000 yuan/square meters. Zhongyuan Real estate data show that in these days of home purchase disputes, because the proportion of home buyers defaulted to the total dispute ratio reached 70%, and in the previous accounted for less than 20%.  The property market is likely to be a result of a series of policies that have apparently shifted from a seller's market to buyer. Turnover will quickly fall "new ' country 10" is characterized by precision, targeted at the housing market has been the focus on the high price of the region, its core is to curb speculation and speculation of unreasonable housing demand, increase the effective supply of housing. Housing prices in first-tier cities such as Beijing and Shanghai are likely to be more affected, as well as land prices in the future land market. "For the new" country 10 "full of expectations of the Soho China Chairman Pan Shiyi. Pan Shiyi showed that the return on Shanghai's home in the first quarter of this year was 2.3%, Beijing was 2.9%, and the bank mortgage rate was 6.5%, a difference of about 4%. "According to Hong Kong's experience in the real estate market, the difference between the two is more than 3%, and prices are bound to plummet," said Pan. "ToWhen the policy is effective, Pan said that the housing market "inflection point" is approaching, "the future price ' inflection point ' how far, housing prices in the end how to change, I believe the next one months time can be seen, but the volume of housing will be quickly lowered." Morning News reporter Shi

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