Real estate policy mindset is shifting from full force to wait-and-see effect

The central government's policy on the real estate market now focuses on two areas: cutting off speculative lending and cracking down on developers hoarding land. Although these measures have a significant impact on some of the parties, the overall overall situation of the housing market is actually more psychological impact than the actual blow.　　Analysts believe that Beijing's current policy, a cautionary effect than the actual blow. The intensive launch of the new deal led to a fall in the number of deals and a drop in prices in some cities. But money is on the sidelines, and the money itself has not been destroyed in the market. The shortage of the primary market is another outstanding feature of the current housing estate. It is now estimated that the inventory of new homes is equivalent to 1.5 months of sales, in stark contrast to the equivalent of 23 months in October 2008, and a fundamental reason for the recent surge in house prices.　　Developers dare to "cover the plate" Another reason, is "not bad money." Industry opinion that in the short term, house prices will oscillate at high levels, a sudden collapse of the likelihood is not.　　Housing prices are on the run between policy crackdown and supply shortages, and the game between central and local governments. And as the European debt crisis spreads and deepens, Beijing's policymakers are increasingly worried about a sudden stall in growth.　　In the face of the uncertainties of the external situation, coupled with the complex effects of various controls may have concerns, the real estate new deal has actually slowed down, the policy mentality also from "all-out crackdown" to "wait-and-see effect" offset. "According to the 21st Century Economic Report article comprehensive analysis"