Housing Ministry officials: changes in real interest rates and other factors will affect the price

Experts predict supply and demand imbalances will improve according to the Guangzhou Daily Report on the 27th of the Ping An wealth forum, China's Ministry of Housing and Construction Policy Research Center deputy Director Qin Hong said, under the impact of real estate new deal, domestic real estate market in a short period of time to enter another round of operation, from a long-term perspective The three major factors, including real interest rate changes, will affect the real estate industry trend.　　Qin Hong also said that this year's new housing supply mainly concentrated in the second half, the second half of the real estate market is expected to be very adequate supply, the second half of this year and the first half of next year, the domestic real estate market supply and demand imbalance will be greatly improved. It is understood that the first 7 months of this year to complete the total investment in real estate development, commercial housing new start area are at historical highs, and the construction of commercial housing area has reached the level of last year. The cumulative supply of residential land in 103 cities nationwide increased by 100% in the first half of the year. In addition, the new deal also led to some of the city real estate postponed opening. Qin Hong that this year's new housing supply mainly concentrated in the second half, "the second half of this year and the first half of next year, supply and demand imbalances will be greatly improved." "From the effect of the current New deal, Qin Hong that for the first-tier cities and eastern coastal cities have a greater impact on the volume of such cities has declined significantly."　　The first-tier city's middle-and high-end residential decline is larger than the overall market. In addition, Qin Hong that, in the long run, the trend of domestic real estate will be affected by three factors, one is the change of real interest rate, the financial attribute of real estate determines that the change of real interest rate has direct influence on its price trend, the other is the adjustment of regional industrial structure; the third is the trend of gradient urbanization and public service level, This determines the growth of the real estate market in different cities.