In the past two years, the real estate market has been declining. The top leaders of the country, their think tanks, and local governments have racked their brains, tried their best to find ways to introduce countless measures to rescue the market, almost all of which ended in failure. In August this year, Beijing and Shanghai both took another big move to relax purchase restrictions, but the boost to the real estate market was minimal. Let’s talk about Shanghai. Starting from August 25, purchase restrictions outside the outer ring road were lifted, but the transaction volume of houses did not show a significant increase. In other words, the market’s reaction was quite cold and failed again.
In this case, the so-called experts have released rumors that what can truly save the Chinese real estate market is likely to be the significant appreciation of the RMB. This is because the most direct impact of the appreciation of the RMB on housing prices is the supply and demand relationship. In terms of supply, the supply of newly built commercial housing is very stable. Because there are only so many properties that have been built and will be built soon, and developers can no longer be able to hoard properties and sell them. However, this is not the case with this second-hand commercial housing. Second-hand landlords do not have strong collection pressure like real estate developers. What they value more is the price. If they look up, they want to continue to take it, and if they are bearish, they are in a hurry to take action. Most of them are not saying that they are in a hurry to use money, but are worried that the house will not be sold and they will lose money.
From the demand perspective, no one is still thinking about making money by buying a house. There are two types of people who buy houses. One is the so-called urgent need group. Buying a house is for living, and basically no one buys a pre-sale house. Another type of people wants to change a good house or a big house to live in. In general, the first type of people cannot continue to wait, or they will get married soon, or they will have children soon, or they will go to school soon, so they should buy a house or change a house quickly. The second type of people who have a house to live in now can only see the opportunity and exchange a better house for a lower price. They can wait. They value the price. Not to mention standing guard at a high level, even if they don’t buy it at the lowest point, they will feel that they are at a disadvantage. So, he is not in a hurry.
