Experts say property market regulation should prevent house price rebound

Source: Internet
Author: User
Keywords Property market experts say
At the fifth session of the Pan-Beibu Gulf Economic Cooperation Forum held from August 12 to 13th, officials and scholars from all walks of life expressed their views on the current hot economic topics such as house prices and stock markets.  The National Bureau of Statistics 10th released the report shows that July the nationwide real estate development completed investment chain down nearly 30%, commercial housing new start area of the chain reduction of nearly 40% at the same time, 70 large and medium-sized cities in July prices rose 10.3% year-on-year, June flat. Why is house prices still strong when turnover declines? Zeng, a professor at the School of Economics and Management at Wuhan University, said that, from the consumer side, rigid demand still exists despite the wait-and-see situation.  With real estate investment and the decline of the new construction area of commercial housing, is equal to the supply of commercial housing declined, so the house price will not fall, commercial housing is still a seller's market. Although the decline in house prices is very high, but Xinli, deputy director of the China International Economic Exchange Center, said that the sharp decline in house prices will bring about negative impact on economic and social stability, so the national macro-control should be to prevent the rise and fall of house prices as the goal.  He said it is the focus of control that controls housing prices, especially in the higher-tier cities. Chen Yitian, general manager of China Real Estate Information Group Research Center, said that the "inflection point" of the property market depends on the regulation policy, and the next step is to prevent the rebound of house prices as the focus of adjustment. According to Oriental Morning Post
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