Wenzhou hot money remaining fire in the lingering property market to be rekindled

Most of the houses in the suburbs of Hangzhou may be empty, but they have recently attracted the attention of Wenzhou investors. Mid-Autumn holiday to Hangzhou Riverside room to see Mr. Pan, this time to determine the original has paid a deposit and then intend to give up the 29 sets of houses, but also want to more than a few sets. This year, the real estate control policy has let Mr. Pan hesitated for a while, but now the land side of a piece of ground has just been photographed to the price of 12,000 yuan, his heart naturally have a calculation. "The property market is not going to go, you see developers now take the land is still so full of confidence!"　　"said Mr. Pan. While there is a lot of information showing the housing market is approaching the bubble level, it still does not prevent investors from hoarding heavily because prices are still showing signs of rising. Standard Chartered said in public that the average price of land in China rose by 106% last year.　　Shanghai rose more than 200%, Guangzhou rose nearly 400%, and Wenzhou Rose 876%. This reporter source Jifa from Shanghai, Wenzhou old fire with a series of known as "warmer" signal release, recently every weekend has a full car to see the group to Hangzhou, and the news that each car basically has not less than 10 sets of turnover. Some people said that the current Hangzhou under the sand, Geuburg, riverside lots of houses are the most concerned by Wenzhou.　　It is understood that these weeks, located in the Xiasha Higher Education Park in the era of Guanlan, Riverside Garden, as well as the xixi wetland side of the "and home" and other real estate, have been several batches to see the group came to the field visit.　　Wenzhou SME Association president Dewen to reporters, although we all understand that the current property market with the peak period is sure there will be a big gap, but Wenzhou people go out to buy a house to buy shops or continue to increase, after all, with the amount of price into the rising channel, we feel the opportunity to invest. "Compared to, Wenzhou people always look for the housing market."　　"A local investor, Mr Yeh, points out that investing in the stock market tends to be less profitable, with almost all the investment in the property market, especially now that inflation is so obvious that money always needs a channel that does not add value at least." He was quick to quote a series of economic data on property related to other industries that reporters could not record.　　Obviously, Mr Ye sees that real estate investment has been an important driver of GDP growth in recent years, and because land sales are an important source of revenue for local governments and provide strong financial support for a large part of the infrastructure, prices are not far off even if bubbles are to be squeezed. A recent survey by the Wenzhou investment and property elite will also confirm Mr Ye's view. The survey shows that the real estate products are still considered the most appropriate investment products, of which more than 98% of investors are still bullish on the property market, continue to market.　　Based on the expectations of inflation and appreciation of the renminbi, firmly believe that house prices can not fall, long-term bullish on Chinese property. "At this stage of inflation pressure is very high, the renminbi is expected to raise the interest rate more and more strong, you say how to control, how can house prices fall?" "An entrepreneur missus tuSaid the lady. In the recent 70 large and medium-sized cities in the national price list in August, Wenzhou by 14.3% of the rise ranked third, after Sanya and Haikou.　　In fact, not only Wenzhou local property prices are rising, many foreign developers have also started to promote the Wenzhou. It is reported that the Real estate Investment Exposition held in Wenzhou at the end of July attracted nearly million people live to observe, more than 100 projects to participate in the exhibition, thousands of people registered purchase intention.　　At the end of the autumn House exhibition, it is Mr. Ye called "the most prosperous this year, a housing exhibition." "After all, there has been so much regulation that investors feel they are starting to bounce back," he said.　　Mr. Ye said. Control strategy Despite a series of measures aimed at cooling the property market in April, the latest figures show a pick-up in home sales.　　Take June, July of the single month data comparison, June China's house prices fell 0.1%, and the July price is the same as the June, and the previous ring more than 1% of the monthly quarter-on-quarter data compared to such changes in prices can almost be regarded as "statistical error." The recent central media-intensive second round of regulation of the property market, seems to suggest that the real estate markets will likely face a new round of regulation. "I think even if there is no policy is not the second round, can regulate the content of the structure in the country 10 have provisions, but the regulation was not in place, this time to regulate is also a continuation of the policy."　　Mr. Ye, the investor, thinks.　　Speculation room of the hot money for regulation is not unfamiliar, seems to have been trained more and more brave "gold body", and because of the strong ability to support the wealth, under normal circumstances and not because of the regulation of the policy will be arbitrarily changed body. A survey by Wenzhou investment and property elite will show the backbone of the house often has enough strength to pay one-time, or through the industrial, real estate mortgage, private financing multiple leverage to play to the property market, that the policy impact is not a large proportion accounted for 35%, and a considerable number of speculators in the new deal out of the front, has been in time to throw the property　　While reducing the financial pressure caused by the new deal, the accumulation of more investment funds, for them may soon usher in a "bottom" opportunity.　　Recently started a more than 30 million yuan retail business, Ms. Xia said that the regulation is often more and more high, this regulation will bring a new round of price reduction and bargaining space, the market is clear, rigid demand release, house prices will rise. It is understood that Wenzhou speculators also often lend to each other, to get into debt. It is reported that the private lending rate of up to 7 points 2, calculated 10 million yuan one months to pay the cost of capital to the bank's 12 times times. "Some speculators have to borrow 15% of their money to pay their debts," Monthly said. However, it is also the private lending rate, has become a lot of speculation on the basis of the house. It is said that when the private lending rate from the high down, often is a strong admission signal.　　And the way they operate is often not as simple as people think. It is difficult to have accurate data statistics, how much capital in the building shuttle. But the data the reporter obtained showed thatAs optimism about the property market spread further, a significant portion of personal savings flowed into the property market in August. According to the People's Bank of China Wenzhou branch of the statistics, as at the end of August, the city's foreign currency loan balance of 530.508 billion yuan, an increase of 23%, the new loan volume in the province third. As the economy is becoming more active, economic subjects use more deposits, especially the diversion of savings deposits. At the end of August, the foreign currency deposit balance of 615.327 billion yuan, new 80.132 billion yuan earlier than the beginning of the year, a small increase of 11.55 billion yuan, the balance grew 20.5%.　　Among them, personal real estate investment enthusiasm regained the rally, partly led to the slow growth of savings deposits. According to Dewen, the capital deposited by the bank in Wenzhou is about 580 billion yuan. Wenzhou folk huge dormant funds, will further produce real estate fast money wealth effect, obviously important.　　This is also a large number of Wenzhou hot money to invest in the property market, the main reason is the lack of a better investment platform, the benefits of capital, driving a large number of funds into the hot property sector. "The industrial economy is depressed, there is no other investment channels, the country is not really open some monopolistic industries, there must be a way." "Dewen said.　　Mr. Ye also said that buying a house has almost become Wenzhou's most popular investment projects, and the purchase of a building and leverage to achieve in the short term magnified several times. How to let Wenzhou huge hot money to find a better way out, it seems not only the real estate regulation caused by the proposition.