People's University report says house prices will fall 20% in the first half of next year

The Economic Research Institute of Renmin University of China, a study published yesterday, said that in the housing market on the basis of the new deal, monetary policy adjustment and the housing market regulation, the first half of 2011 real estate industry Capital chain will be a serious problem, real estate prices will appear near 20% decline, but not a hard landing,　　It is expected that from March to April next year, the property market would be fully adjusted. China's macroeconomic Analysis and prediction report was released on that day. Liu Yuanchun, deputy dean of Renmin University's Economics Institute, explained the report, said the current property market funds are still abundant, the adjustment point has not yet arrived. The report said that since December this year, the real estate enterprises to enter the peak repayment, the cumulative growth rate of more than 30%, combined with sales decline, loan conditions increased and more difficult to increase the issuance of listed companies and Bill financing, the funding will quickly deteriorate, is expected to the first quarter of next year, Real Estate Enterprise source of funds will appear a large negative growth.　　At the same time, due to down payment ratio, real estate mortgage and other conditions change, real estate business liquidity will obviously deteriorate.　　But Liu Yuanchun also said that the real estate market did not collapse the possibility of "the emergence of more than 30% of the decline in prices, the real estate market can achieve a soft landing." According to BCC network