Recently, the Bureau of Statistics released the latest statistics on the growth rate of commercial housing sales. Since February 2021, the growth rate of commercial housing sales in the mainland has experienced 12 consecutive declines, and finally turned from positive to negative.
According to statistics, from January to February this year, the sales area and sales growth rate of commercial housing in the mainland fell by 19.3% and 9.6% respectively year-on-year. It can be said that the overall sales data of commercial housing is quite poor, and the market response is very sluggish. So does this mean that the real estate market has no future?
Data retraction reflects the trend of market demand
The continuous decline in the growth rate of commercial housing sales reflects the trend of market demand. In 2021, the overall housing demand of home buyers is showing a downward trend, and the high growth rate in January and February is due to the impact of the epidemic in the same period of the previous year, but the subsequent growth rate continues to decline entirely because of changes in demand. Under the influence of strong regulatory policies, the overall attributes of the real estate market have changed, and the development model of de-investment has made the real estate market lose the momentum to rush upwards for a while.
Winter has not yet passed
Whether the real estate market is experiencing a cold winter, in fact, we can find out by looking at the trend of policy. At present, in the context of the environment of urban policies, the frequency and intensity of stimulus policies in various places are very high. This is enough to show that the cold winter of the real estate market has not passed, and the real estate industry is still trembling.
The real estate future is still there
Although it has experienced twelve consecutive declines in growth rates, the future of the real estate market is still there. As Huang Qifan said recently, the real estate market is still a pillar, and stability is the first. But the future can only be undecided, and it is not possible to grow and develop rapidly, after all, the real estate market is already in its twilight years.
The overall slowdown in commercial housing sales directly shows that the past real estate development model is problematic. Buyers and investors are still most concerned about the investment attributes of commercial housing, and the real proportion of self-occupied buyers is not high. This will be the case that everyone is reluctant to buy a house after regulation. Therefore, if you want to change the status quo of the property market, you can only put the real estate market on the right track first, and then the next problem can be solved, and the sales data may pick up.