Foreign media guesses Chinese house prices to drop 10% next year

Golden Week before and after the central and local government thunder strike frequently issued to regulate real estate developers "Gold nine silver Ten" no longer ——— Golden Week, China's central and local governments frequently issued a new deal to regulate real estate, as "Golden nine silver Ten" climax, 11 long vacation not only brought the real estate market prosperity, but became its trough.　　Foreign media that are concerned about China's property market point out that the Chinese government has once again been a heavy hitter, under various regulatory measures, housing prices are expected to be under 10%.　　The property developer's "Golden Nine Silver Ten" has not been emboldened by the FT's article that the September 29 before the National Day holiday, people once again experience the Chinese authorities to curb the price of the Thunder attack.　　The article said, the relevant departments said, in order to curb the excessive rise in housing prices in some cities, the country's third house loans to stop lending, and commercial housing down the ratio from 20% to 30%, the second-suite down payment increased to 50%. "There is no doubt that the new round of real estate market regulation is about to be opened, August created by the industry ' warmer ' will cool again. The real estate business ' Nine Silver Ten ' How to look has not been emboldened.　　"said the article. British news agency reported further that, following the Chinese government's National Day holiday before the increase in property control, Shenzhen and Shanghai in the holiday issued a "limit purchase order."　　During the Golden Week, the local property market to regulate the "New Deal" response performance is mixed, of which Shanghai wait-and-see sentiment thick.　　The report pointed out that after five months of real estate regulation, housing prices still failed to lower the "high head", which finally led the Chinese government in the 11 long holiday before the increase in real estate regulation.　　The U.S. international Financial Times article begins by pointing out that Chinese house prices are falling.　　The article further points out that this decline will not lead to a real estate bubble or the collapse of the "doomsday Scenario", on the contrary, the Chinese economy will be safe through the decline in housing prices.　　China's housing price is expected to drop 10% by the end of next year the Wall Street Journal said central and local governments had a series of heavy hands around the golden Week aimed at curbing the rise in house prices while countering speculative speculation and hoarding of land.　　The famous U.S. News agency reported this morning that the central and local government's firm determination to cool the property market has once again demonstrated that those who think the housing market will be high, clearly underestimate the strength and frequency of government regulation measures.　　Analysts at Deutsche Bank point out that the imposition of a property tax could lead to a more significant effect than expected.　　In addition, Citigroup analysts pointed out that, at least in the short term, the real estate market will be a certain degree of repression. Analysts at Nomura, Japan, predict that for real estate developers, the risk of property taxes and enhanced land appreciation taxes is increasing, and that, by the end of next year, the average housing price in China is expected to fall by 5% to 10%, with new regulatory measures now and possibly in place.