One or two hand prices upside down phenomenon will also expand

Zhongyuan Real Estate Three marketing department deputy general manager Gongping said, traced back to the market in recent years, the end of 2008 also appeared a similar situation. November 2008, is located in Shijingshan District Ocean-Qin Landscape project opened, the average price of 11000 yuan/square meters, less than the same type of new house around 2000 yuan/square meters. The price of the project suddenly, the price range is big, thus set off the capital market, a low price opening trend. Low prices, high turnover has become a new phenomenon in the depressed real estate market. New house sales also make a large number of second-hand housing, the objective of the focus shifted to the new house market, resulting in second-hand housing market transactions dismal, ushered in the off-season.　　This kind of second-hand housing price "upside down" phenomenon until March 2009 began to alleviate, first-hand prices began to rebound, gradually and second-hand house spreads, and due to the sales tax untied one year, tax on second-hand housing market impact weakened, second-hand housing market began to rebound, one or two hands "upside down" phenomenon gradually subsided. From the current point of view, August 16, Beijing is about to introduce "commercial housing pre-sale funds supervision and management interim measures," the news to many developers blow.　　If the policy is implemented, will inevitably lead to the developer of phased availability of funds and cash flow of the tension, will be forced to the current number of developers began to reduce sales. Therefore, Gongping that, in the next period of time, by the "interim measures", coupled with close to the end of the housing market repayment pressure, high house prices will appear further fluctuations, a second-hand housing "upside down" phenomenon will be further expanded. At the same time the continued downward price of the house, will also drive second-hand housing prices downward. Beijing Real Estate market will start by the developers to reduce prices and drive second-hand housing price decline period, is expected to three quarter capital market prices will be bottom.