The first half of next year's housing prices enter Negative Zone

First-tier city housing prices fell 20%, the second half of next year may hit bottom rebound "Caixin network" (Comprehensive media report) October 21, the Chinese Academy of Social Sciences reported that the four quarter to next year, housing prices year-on-year growth will gradually decline, until into the negative zone.　　According to the report, this round of macro-control measures will make the first-tier city housing prices fall by 20%, expected from the second half of 2011, housing prices may hit bottom rebound.　　The report said that in the next six months, the real estate industry overall financing scale will tighten, in the same period CPI will be peaked in September this year after the fall, but in various policies under pressure, the real estate market demand will be a certain shrinkage, market supply will gradually enlarge, so that the supply and demand gap in the role of housing prices will gradually be negative.　　The report also said that considering house prices, the steep drop in land prices and the risk of a sharp contraction in real estate investment, once prices fall to a reasonable level, macro-control policy will be relaxed, liquidity will be tight to loose, supply and demand gap again from negative positive, inflation expectations, which may lead to housing prices from the second half of next year to rebound.　　On the night of October 19, the central bank quietly raised interest rates, announcing a 0.25% rise in the benchmark interest rate on deposits and loans since 20th, as another measure of Beijing's curbs on house prices. On the same day, Dalian announced the "Limit purchase order", so that the domestic introduction of measures to limit the number of cities to rise to 14.　　Previously, Beijing, Shanghai, Shenzhen, Guangzhou and other 13 major cities have issued a "limit purchase order." House prices have remained stubbornly high since China's heavy fist began to regulate the housing market in April. September 29, a number of ministries focused on the introduction of property market regulation and control policies to curb the price of some cities rising too fast. Measures mainly include: limit the purchase of more than one set of commercial housing, to improve the first suite down payment ratio, the implementation of differentiated credit, deed and income tax preferential policies.　　and called for speeding up the reform of real estate tax pilot work, and gradually expand to the country.　　The National Bureau of Statistics earlier data showed that September 70 large and medium-sized cities in the country's housing sales price rose 0.5%, for the first time since May this year, the September commercial housing sales area of 104.46 million square meters, sales reached 549.8 billion yuan, respectively, the chain Rose 52% and 56%. (Caixin reporter Ma Yuan)