In the face of today's downturn in real estate, whether it is time to sell the excess houses in hand has made those who used to rely on property speculation to make money. You must know that in the past, the real estate industry in the mainland was very prosperous, and there were many people who made a lot of money by speculating in real estate, and this good situation did not continue to develop. Since the second half of 2021, the real estate industry has undergone a great transformation.
As far as the current situation of the property market is concerned, ordinary people are also very well aware. The prices of major cities continue to fall, and the prices of second-hand houses are even lower than they can be believed, showing the current dire state of real estate to the fullest.
In fact, the decline of buildings has not only had a great impact on those who speculate in real estate, but also has a relatively large impact in various fields, so many people are confused. Should you sell your house now to minimize the losses, or keep it in your hands?
1. Factors affecting the real estate industry
Whether the house is sold or kept in the hand, in fact, this point still depends on the individual's situation, and the reason why the mainland's real estate has entered today's downturn is related to a variety of reasons. Nowadays, the number of newborn births is decreasing, and the problem of aging is becoming more and more serious, and the demand for houses is naturally decreasing, which is also a major factor that leads to the low demand for housing now.
If the multi-birth policy advocated by the state is not well implemented, then it seems that it will be difficult for the real estate aspect to recover. When there were no three years of the epidemic, there were many business owners or people with relatively large assets, relying on their own strength, to buy many properties in their own names for investment.
And the epidemic in the past three years has made people understand a truth, it is still the safest and most secure to keep money in your hands. Therefore, there are fewer and fewer people who are slowly flipping houses, and these are the factors that have led to the real estate industry being so sluggish today.
2. The pressure of owning multiple houses
I believe that everyone also has an idea about whether to sell a house, for most families, as long as the house can meet the rigid needs, there is no need to buy more than one property in their own name. If you can't rent it out, you have to bear the property fee and heating expenses every year, on the contrary, the house does not bring any economy, but becomes a burden on life.
People who are engaged in real estate know that in recent years, fewer and fewer people have bought houses. In those years, I had a little money in my hand, so I wanted to invest in a few properties, and most of the houses I bought now were for marriage and wedding houses.
If you don't have to buy a house, you won't choose to buy a house at all. In addition, many first- and second-tier cities are now promoting affordable housing, which can be said to have a relatively large impact on the real estate industry, but it also brings good protection to those low-income families.
3. According to the analysis of houses in different cities
When it comes to selling your home, you need to consider all aspects of it, and those who own more than two properties must have a reasonable strategy. Nowadays, not only some third- and fourth-tier cities, but also first-tier cities also have very serious real estate problems.
Of course, for first-tier cities, real estate still has a great advantage, after all, the development of first-tier cities is relatively good, and the population flow is relatively large.
Compared with the backward third- and fourth-tier cities, the demand for real estate is smaller, after all, the population flow is relatively small, and the development is not stable. In the long run, it will lead to an increasing backlog of properties, and the price will fall by a large margin, so it is still a wiser choice for people in third- and fourth-tier cities to sell their houses now.
Most people are waiting for the real estate industry to turn around. The trends that real estate is facing today are related to a variety of factors, and if these fundamental factors are not adjusted, it will be difficult for real estate to usher in its spring.