The new direction of the property market is set, the predicament is expected to be alleviated, and a new situation may be opened

The new trend of the property market has been set, and the ministries have made a clear statement, which is very different from the past.

Recently, at the end of January 2024, various ministries have released heavy signals for the property market, and the direction of the property market has been basically determined.

On January 24, 2024, the governor of the central bank announced that he would cut the reserve requirement ratio by 0.5% on February 5, which will provide long-term liquidity to the market by about 1 trillion yuan.

On January 25, 2024, the Financial Supervision Bureau said that the real estate industry chain is long and wide-ranging, has an important impact on the national economy, and is closely related to the lives of the people.

It also said that it will further optimize personal housing loan policies such as down payment ratio and loan interest rate according to the city's policies, and guide and urge banks to better serve the financing needs of the masses of people for rigid and improved housing.

It can be seen that this year's policy came earlier and faster.

It can be seen that in the face of the current situation of the property market, all parties attach great importance to it, and they are also very anxious and cannot be delayed.

According to statistics, in 2023, the transaction of new houses in the country will be about 11.7 trillion yuan, and the transaction construction area will be about 112,000 square meters.

Some people analyze that if the offset sales are excluded, the actual real sales may be about 11 trillion.

The annual sales in 2021 will be about 18 trillion, and in 2022, there will be about 13 trillion, which shows that 2023 is not ideal.

It was expected to be a soft landing of the property market, but it dropped by nearly 4% in 2 years, and the impact was not trivial.

The GDP in 2023 will be about 12.6 billion, and the property market will still account for one-tenth, which is still the majority.

This is one of the reasons why a series of policies were urgently introduced at the beginning of the year.

The majority of the property market has to be stabilized, and the stakes are significant.

In order to stabilize, it is necessary to solve the many problems existing in the property market and resolve the difficulties, so that it is possible to change the current situation.

So, what are the problems in the property market?

First, the market, the market at all levels lacks confidence and vitality, from land acquisition to investment decline across the board.

The second is real estate companies, with high debt, poor liquidity, frequent thunderstorms, sluggish sales, difficult delivery, and too much uncertainty.

The third is the decrease in customer demand, lack of confidence, decline in purchasing power, and changes in home buyers and concepts.

In addition, the international geopolitical situation and the impact of changes in economic policies have further amplified the problem.

So there is a problem in the whole chain, a vicious circle.

Then, the key to solving these difficulties is to solve the problem of confidence and expectation.

If the confidence and expectations of the property market cannot be solved, then there may be a further decline in 2024, and it will be difficult to keep 10 trillion.

According to this year's economic aggregate, the basic market of 100,000 yuan in the property market must be preserved, otherwise it may affect the achievement of the overall goal.

Based on this situation, the policy port took the lead and gave support to keep the basic market.

In 2024, it is estimated that a new situation in the property market may be opened, and such a situation will occur

The port financing policy of real estate enterprises will be further optimized, the support will be increased, and the use of funds will be more flexible, so as to solve the capital needs of real estate enterprises as much as possible, prevent further operational difficulties of real estate enterprises, and avoid successive thunderstorms of real estate enterprises, which will impact market confidence.

According to the financial regulators, it is strongly supported, and it is possible that some restrictions will be lifted and the policy scale will be more relaxed.

According to the guidance of the policy, optimizing the down payment and credit policy is the basic policy, and the restrictive policy will likely be further lifted, such as purchase and sale restrictions. Supportive policies will be added to encourage home purchases.

In terms of demand release, we will speed up the release of demand, such as the shantytown reform, to support the improvement of home purchase demand.

Chongqing has introduced a new policy in January this year, optimizing the real estate tax, increasing the subsidy for the purchase of deed tax, and the provident fund policy has also been optimized, in short, to encourage the purchase of houses and help people in need to buy houses.

In addition to the local series of support, the purchase of the port, from the purchase of qualifications, to the purchase threshold, and the cost of buying a house may be further explored, such as the interest rate may be lowered in the first quarter, and the additional cost of buying a house will be reduced, such as deed tax exemption, local subsidies, etc.

If the policies are implemented effectively, the normal situation of the property market is likely to stabilize, and the retreat will be slowed down.

Real estate companies develop and deliver buildings normally, the price is reasonable, no longer indiscriminately selling off, the unfinished business is reduced, the price is stable, and the market expects the fundamentals to be there.

In addition, the home buying group can start normally, and those who have demand can enter the market, and the basic decentralization can be guaranteed, and there is a positive cycle.

Then, the basic market will be stabilized.

Of course, the downward pressure is still significant.

Judging from the market reaction and policy guidance in January, it is the general trend for the property market to open low and high in 2024.

Constant is change, so we'll see.

I am Jiabin, a lot of advice, welcome friends to like, comment, forward, favorite, thank you.

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