On May 10, real estate stocks broke out in full swing. In terms of A-shares, Tiandiyuan, Binjiang Group, CCCC Real Estate, I Love My Home and other shares have daily limits; In terms of H-shares, Shimao Group once soared by 90%, and Jingrui Holdings, China Aoyuan, and Rongxin China rose by more than 20%. Behind all this, it is not unrelated to the successive actions of various localities to optimize real estate policies.
Recently, Beijing's housing purchase restriction policy, which has been implemented for 13 years, ushered in the first adjustment; Shenzhen relaxes purchase restrictions and loosens the purchase restriction policy in 7 districts; Hangzhou and Xi'an also issued new policies for the property market on May 9, announcing the complete cancellation of housing purchase restrictions. The industry expects that May will usher in a wave of relaxation that is rare in the country, which will involve the purchase policy, the first home identification standard policy, and the second-hand housing sales policy.
What is the impact of policy relaxation on the real estate market in various places? Recently, Securities Times reporters in Beijing, Shenzhen, Hangzhou, Xi'an and other places have conducted on-the-spot visits to the local property market.
Hangzhou: The trading center is still signing a contract at 10 o'clock in the evening, and there are real estate sales of more than 200 million yuan in three days
At 10 o'clock in the evening of May 11, the city of Hangzhou, which had been noisy for a day, gradually quieted down. However, the Shell (West Lake District) Trading Service Center is still brightly lit, and the array of customers is still signing.
"Whether the property market in Hangzhou is good or not, there are two information references. First, the trading center is busy; The second is that there are not many intermediaries in the community. The real estate agent pointed to the Shell (West Lake District) Transaction Service Center across the road and said to the Securities Times reporter.
The out-of-town viewing group is here again
At noon on May 11, at the door of a real estate agency on Xueyuan Road, Xihu District, Hangzhou, a pair of elderly people over 60 years old were communicating with the intermediary account manager about the house. Judging from their chat messages, the old man has already seen 2 houses in the morning, but they didn't match each other, and they have to continue to look at them.
"Hangzhou's property market has been fully liberalized, and there are no longer restrictions on purchases from outsiders, and Hangzhou's environment and climate are better than those in our north, so I want to see if there is a suitable house and plan to buy a set of pensions." The above-mentioned pair of old people told reporters that they are from Hebei, and the budget for the purchase of the house is 2 million to 3 million yuan.
According to the new property market policy issued by Hangzhou on May 9, the housing purchase restrictions will be completely cancelled, and the qualifications for housing purchases will no longer be reviewed. At the same time, non-registered persons who have obtained legal property rights in Hangzhou can apply for settlement.
Compared with the above-mentioned personal behavior, organized foreign house purchases have also appeared in popular real estate projects in Hangzhou recently. On the morning of May 12th, the Xiying Tinglu project in the Zhijiang section of Hangzhou's West Lake District ushered in the Jinhua * Yiwu house viewing group.
At about 6 o'clock in the afternoon, Yingtinglu Real Estate Consultant said in an interview with a reporter from the Securities Times during the reception of customers: "The new deal of Hangzhou's property market has a relatively obvious impact on our project sales. According to rough statistics, in the last three days (May 10-12), up to now, our project has sold a total of about 20 sets, and the sales are expected to be 200 million to 250 million yuan. Among them, there are 4 foreign customers who have come to see the project before, but are subject to the purchase restriction policy and cannot buy. After the introduction of the new policy this time, they did not go to the project site, so they made a deposit first, and rushed to the project site to sign the contract the next day. ”
In the Chen'an Moon Printing Project in the Canal New Town section of Gongshu District, Hangzhou, this weekend also ushered in a large number of tenants. At about 3 o'clock in the afternoon of May 11, the roads around the project were already full of car watchers, many of whom had license plates from Ningbo, Shaoxing, Jiaxing and other places. The sales hall is hard to find, and there are 20-30 house watchers standing in front of the sand table to listen to the introduction of the real estate consultant.
"The project is scheduled to open on May 16, with 141 units for the first time. Judging from the current registration situation, the lottery has become inevitable. On May 10, more than 900 people were registered on the first day, and by 3 p.m. on May 11, the number of registrations had reached the edge of the lottery, that is, more than 1,300. Chen'an Yinyue real estate consultant told reporters. On the evening of the same day, the number of registrations for the Chen'an Moon Printing Project was announced two days ago, exceeding 2,000. This also means that the 10:1 draw red line is triggered.
However, the popularity of real estate for sale in Hangzhou varies greatly depending on the location and cost performance. According to the monitoring data of Hangzhou Shell Research Institute, from January to April this year, only 3,560 new commercial housing units were added in the four districts of Hangzhou, Shangcheng, Gongshu, West Lake and Binjiang, accounting for 25% of the total supply in the ten districts of Hangzhou, but the new supply is basically located in the regional fringe sector, which is not attractive to customers.
Another new project for sale in Canal New Town, Gongshu District, is not visited by many customers this Saturday. The real estate consultant told reporters that the current average price for sale is less than 30,000 yuan, and the purchase of a house and a parking space will be converted to about 26,000 yuan per square meter per square meter, and there is no need to freeze capital, verify capital, and lottery, and the house can be delivered next year.
For the impact of the new deal on the Hangzhou property market, the above-mentioned real estate consultant said, "In October last year, the new deal of the Hangzhou property market also ushered in a wave of small sales climax, and our real estate ushered in many customers in Ningbo, Jiaxing, Taizhou and other places. During that time, we sold more than 100 sets of real estate in a week. However, the effect of the New Deal gradually diminished. However, the difference between Hangzhou's new policy this time is that you can apply for settlement when buying a house, which still has a certain temptation for some outsiders. Therefore, we are still looking forward to the effect of this new policy, and we are ready to welcome it. ”
Second-hand housing listings have both increased significantly
"Judging from the market reaction in the past few days, the stimulus brought by the new deal in the property market is still relatively obvious. For example, on the Hangzhou Shell platform, the transaction on May 10 was more than 120 sets, while the average daily transaction in April was about 70 sets. On May 11, a real estate agent in the main urban area of Hangzhou told reporters.
Behind the large increase in the number of second-hand housing transactions, there is a significant increase in the willingness of customers to see houses. On May 11, the reporter visited the old and dilapidated small and more concentrated communities such as Cuiyuan and Huayuan in Hangzhou's West Lake District, and encountered intermediaries with customers many times. Moreover, many intermediary stores around these communities are almost "all out of force", and there is often only one person left in the store to receive them.
"These days, everyone is busy showing customers and facilitating transactions, so the stores are often empty. Make and receive calls, contact customers, and reply to the circle of friends, and the mobile phone is often hot. I've been busy so far today, and I haven't had time for dinner. At about 9 o'clock in the evening of the 11th, an intermediary at a store on Xueyuan Road told reporters.
In the view of some intermediaries, the impact of the new policy on the main urban area of Hangzhou, especially the school district, is more positive.
"After the purchase restrictions are completely lifted, it will definitely attract some outsiders with school district needs to come to Hangzhou to buy a house." A real estate agent said that the main urban area of Hangzhou has good resources, but before the new deal on Hangzhou's property market, many people in Zhejiang's prefecture-level cities could not settle in Hangzhou for various reasons, and they could not enjoy Hangzhou's better educational resources. Now you can give priority to applying for settlement when buying a house, which is bound to stimulate this part of the demand.
Like new home sales, second-hand home sales are also more differentiated. On May 11, the reporter found in some intermediary stores in Yuhang District, Hangzhou (not the main urban area) that there were few customers who came to consult.
"The new deal of the Hangzhou property market must have an impact on the property market in the main urban area, and the impact on the non-main urban area is not large, at least until now, there is no obvious change in the second-hand housing sales in the non-main urban area." In an intermediary store on Beisoft Road, the intermediary told reporters.
For example, in the Shenhua sector of Hangzhou's main urban area, more than 10 second-hand houses have been traded recently, while 5-6 sets have been traded every week before. Therefore, the impact of the new policy on second-hand housing transactions in the main urban area is still relatively obvious. The North Soft plate belongs to Yuhang District, and there is no obvious impact after the release of the new policy.
"At present, there are more than 500 second-hand houses for sale in the three real estate projects in the North Soft sector, and according to the current average monthly transaction of about 10 sets, the pressure is too great. Some of the listed listings have been listed for several years, and they have not been sold after 50-60 views, and the customer still thinks that the price is slightly higher. The above-mentioned real estate agent told reporters.
At the same time, the above-mentioned intermediary also showed the reporter the recent changes in second-hand housing in Hangzhou. "At present, the number of listings on the Hangzhou Shell platform has reached more than 190,000 sets, and more than 1,700 sets have been added in the past two days. Before the New Deal, the daily increase in the number of second-hand housing listings was 200-300 units. Although the number of second-hand housing transactions has increased after the new policy, the number of new listings is also very obvious. Under normal circumstances, the daily transaction volume of second-hand houses in Hangzhou is 200-300 sets. Therefore, the pressure to depot is still very high."
Xi'an: The overall market performance is stable, and real estate sales "eighteen kinds of martial arts" compete to attract customers
On May 9, Xi'an issued the "Notice on Further Promoting the Stable and Healthy Development of the Real Estate Market" (hereinafter referred to as the "Notice"), which means that the purchase restriction policy will no longer be implemented in the area within the second ring road of Xi'an, and the last purchase restriction area in Xi'an no longer exists.
In fact, after September last year, Xi'an City lifted the purchase restrictions in areas outside the Second Ring Road. In the second ring road, there are not many new commercial housing projects, and most of the houses for sale are old second-hand houses, which have never been the focus of buyers. Therefore, even if Xi'an completely lifts the purchase restriction, local real estate practitioners generally believe that the impact is not large, and the market has not seen significant ups and downs.
The number of customers for new homes has increased
"The real estate market in Xi'an is now very stable, and it is the most suitable period to start, not only developers are doing promotions, but the loan policy is also very loose, and once the policy is tightened again in the future, there may be a new impact." Recently, the reporter visited a new project in the North Second Ring Road of Xi'an City, and the real estate consultant said that the real estate has been sold at the record price, and there has been no adjustment in the past two days; However, according to its disclosure, after the purchase restriction was lifted in the second ring road, it did feel that the number of customers increased.
The real estate consultant said that due to policy restrictions, foreign customers would have concerns and rarely looked at projects within the second ring road; However, recently, customers from Shanxi, Gansu, Henan and other surrounding provinces and even Shandong and Xinjiang have also entered the second ring area to understand the market.
At present, new houses in Xi'an are mainly concentrated in the port area outside the Third Ring Road and the third phase of high-tech housing, and the housing prices are generally 20,000 yuan/square meter or even higher. Since Xi'an has already lifted the purchase restrictions in areas outside the Second Ring Road, the new policy has little impact on these two regions.
In the view of the real estate practitioners consulted by the reporter, the port area and the third phase of the high-tech area belong to the development area, which is greatly affected by the policy orientation, and the price is inflated, "especially in the port area, some foreign buyers may choose to buy a house here after considering educational resources, but the industry and living facilities still need to be improved."
Another area around Xi'an that has attracted attention is the Xixian New Area, which has also pushed up housing prices due to the restrictions on purchases in Xi'an, which has also pushed up property prices in the area. However, in the eyes of many real estate practitioners, the area lacks new policies, planning and other support, sandwiched between Xi'an and Xianyang City, and the positioning is more awkward, especially after Xi'an cancels the purchase restriction, the real estate market in Xixian New Area may be "cool".
"Xixian New Area is the most obvious example of policy-oriented, regional positioning to build a national-level new area, in the past, some real estate unit prices soared to 30,000 yuan, now there are no customers in the early 10,000 yuan, if buyers are interested in buying property in Xixian, it can only be said to start at a lower price, but after buying it, it can only be put." A real estate practitioner told reporters.
There are still bearish expectations for second-hand housing
In addition to new houses, will the second-hand housing market be affected after the introduction of the new policy in Xi'an?
To this end, the reporter also visited outside the second ring road of Xi'an, a real estate agent showed the reporter the platform data shows that the current number of second-hand houses in Xi'an is more than 170,000 units, but the number of new houses within five years is only more than 10,000 units, and there are fewer quasi-new houses within two years; According to the data provided to reporters, since the high point in 2021, the average price of second-hand houses around its stores has dropped by about 2,000 yuan/square meter, and second-hand houses are generally not sold at a high price, and the average price is only about 12,000 yuan/square meter now. Even if the purchase restrictions are no longer restricted, there has been no significant increase in the number of customers.
However, second-hand housing is also differentiated, according to the intermediary, due to the scarcity of new housing, it is difficult for the price of new housing to fall in the next five years; There is still room for prices to fall for properties that are more than 15 years old. In addition, there are still inflated prices of second-hand houses in Xi'an, and the actual transaction price is often much lower than the listing price.
Another real estate agent told reporters that after the full lifting of purchase restrictions, some people believe that housing prices in Xi'an may rise, but some people believe that the release of purchase restrictions means that the real estate market is not confident enough, and the lifting of purchase restrictions will have little effect, and housing prices will even go down. The case he provided to reporters shows that the owner of a large second-hand house is seeking to sell it recently, and the advice he provided is that the total price must be at least 100,000 yuan lower than that of the same house in order to get a deal in the short term. Another practitioner provided an observation that the decline in the price of second-hand housing in Xi'an was mainly due to the fact that a large number of customers were in a hurry to buy new houses and could only buy new houses after selling, so they bargained with each other.
In March this year, the reporter also visited some real estate in Xi'an, in contrast, after the full cancellation of purchase restrictions, some new real estate viewers have indeed increased significantly. Taking an improved real estate in the second ring of Xi'an as an example, the reporter also visited in March, and there was only one group of customers in half an hour, and this time I went to visit, there were about three or four groups of customers in the same time.
An interesting phenomenon is that real estate sales are also working harder to promote projects. "Let's take a look at our property, it's nearby." As soon as the intending buyers have completed the inspection of the project and walked through the sales department, the sales consultants of competing real estate will immediately surround them. "We don't have a commission, just complete a show task, you can just take a look, five minutes can be", "It's all the same, we also have people from their projects outside the real estate", "If you want to see the house one day, we will drive you around to see it, and you can save some gas money", in terms of competing to attract customers, the sales consultants can be described as "eighteen kinds of martial arts" proficient.
Beijing: The overall market is heating up outside the Fifth Ring Road, and the overall market is exchanging price for volume
After 13 years, Beijing's real estate purchase restriction policy has been relaxed. On April 30, Beijing issued the "Notice on Optimizing and Adjusting the City's Housing Purchase Restriction Policy", the core content of the policy is to increase the purchase quota of one house outside the Fifth Ring Road on the basis of the existing purchase restriction policy. It has been more than ten days since Beijing introduced a new policy to optimize housing purchase restrictions, and the changes in Beijing's property market have attracted much attention.
A few days ago, a reporter from Securities Times E Company visited and investigated the property market in Beijing and found that the second-hand housing and new housing markets outside the Fifth Ring Road have heated up significantly, and other areas are stable as a whole. In the past May Day holiday, a number of new housing projects attracted many buyers to consult and subscribe, and the number of second-hand houses showed a significant growth trend. A number of industry insiders told the reporter of E Company that driven by the loosening of the purchase restriction policy, there was obvious heat in some areas of the market. On the whole, Beijing's property market is still stable, and "exchanging price for volume" is still the main logic of the upward trend in the transaction volume of second-hand houses.
On May 12, which coincided with the Sunday holiday, many intermediaries were busy answering consultation calls outside the store in a community outside the South Third Ring Road in Beijing
I love my home intermediary told reporters that at present, the transaction volume and the volume of viewing in their area have rebounded significantly compared with before, but the overall price of the transaction is very low, and the price of some houses has fallen back to the price level of the Beijing property market in 2016. At the same time, the number of second-hand properties is also in a state of surplus. 100,000 to 110,000 units in Beijing's second-hand housing market is relatively normal, but the number of houses on the market has exceeded 170,000 units. Many buyers have also shown a wait-and-see attitude. The recent policies focus on the market outside the Fifth Ring Road, and the impact on the overall market is not obvious.
Recently, the second-hand housing market outside Beijing's Fifth Ring Road is heating up. Rongze Jiayuan is located outside Beijing's North Fifth Ring Road, about 2 kilometers from Beijing's Xierqi subway station, near which Baidu, Sina, NetEase, Kuaishou and Didi are located, so the area is also known as the center of China's Internet universe.
The reporter recently visited the community and found that many intermediaries led potential buyers to visit the property.
"At present, this community has a large number of transactions and is the most popular community in Changping District. The community is new, there is an elevator, and the supporting facilities are complete. And it is close to Xierqi. The price is also moderate and quite good value for money. The intermediary sales person near the community told the reporter of the Securities Times E Company that after the "430" policy came out, there were more houses to see, and there were more transactions, but it was not particularly obvious. In terms of house prices, it was a downward trend before. "Recently, a lot of properties that were sold in a hurry have been sold out, and now the prices are relatively stable. It is also normal for new second-hand houses to be registered nearby, but the prices are on the high side. ”
Judging from the supply of second-hand housing in Beijing, the above-mentioned intermediary revealed to reporters that there are currently more than 170,000 second-hand houses registered on the Lianjia.com platform, "although the overall transaction has been active recently, there are still listings on the shelves for registration." I sold 6 units last month, mainly because the price is very low, the owners are in a hurry to sell, and most of the owners are selling for replacement, so the price is low and you need to try your luck. At present, the overall market in Beijing is stable. Since April, the upward trend in the transaction volume of second-hand houses is still dominated by price for volume."
On April 30, Beijing issued the "Notice on Optimizing and Adjusting the Housing Purchase Restriction Policy in the City", starting from the day after the issuance of this notice, on the basis of the implementation of the existing housing purchase restriction policy, the following resident families or adult singles are allowed to purchase one new commercial housing outside the Fifth Ring Road: including the city's household registration resident families, who already own two houses in Beijing; Adult single persons with household registration in the city who already own one house in Beijing; Non-resident families or adult single persons who have paid social insurance or individual income tax in Beijing for more than 5 consecutive years (inclusive) have owned one house in Beijing. This is also a major move by Beijing to optimize the real estate purchase restriction policy after 13 years.
At the same time, Beijing also mentioned again that it will strengthen the implementation of policies according to different regions, one policy for one district, and precise policies, and optimize real estate policies.
The Beijing Municipal Commission of Housing and Urban-Rural Development released the "2024 Beijing Housing Development Annual Plan" on May 11, proposing to carry out special actions to improve the municipal infrastructure and public service facilities around the projects for sale in accordance with the "one district, one plan". Each district formulates a public service supporting and municipal infrastructure construction plan around the new land supply project, and builds it synchronously with commercial housing and delivers it in a timely manner. Establish a whole-process and all-round information disclosure system for housing projects, and promote the transformation of housing sales management from approval and supervision to information services. Strengthen district-specific policies, district-specific policies, and precise policies, optimize real estate policies, and better meet the multi-level and diversified housing needs of "one old and one young" families, job-housing balance, etc.
"This is a statement of principle, it does not mean that it is relaxed, and on the whole, Beijing has indeed begun to try to gradually open up. Including the fine-tuning of the purchase restriction outside the fifth ring road, it is to start the pilot of one district and one policy. Beijing is very large, the real estate policy should not be one-size-fits-all, the follow-up inventory pressure is relatively large suburbs will definitely take the lead in adjusting the purchase and loan restrictions and other policies, only one district and one policy can do a good job in the overall stable development of real estate. Zhang Dawei, chief analyst of Centaline Real Estate, told the reporter of Securities Times E Company.
Chen Wenjing, director of market research at the China Index Research Institute, said that the plan emphasizes "strengthening district-specific policies, one district, one policy, and precise policies, optimizing real estate policies, and more and better meeting the multi-level and diversified housing needs of 'one old and one young' families, job-housing balance, etc." This means that Beijing's future property market policy is still expected to be optimized, and the optimization direction of the purchase restriction policy may include the relaxation of large-area purchase restrictions, giving more housing purchase places to specific groups, reducing the number of years of social security, etc., in addition to reducing the down payment ratio, reducing the mortgage interest rate, and reducing transaction taxes and fees.
Shenzhen: The market is ready to move and the speed of pushing is accelerating
After the introduction of the optimized purchase restriction policy, Shenzhen is now divided into two districts: the purchase restriction area and the relaxation area, and the effect of the new policy is slowly emerging. During the visit, the reporter of Securities Times E Company found that both developers and real estate agents seem to have expectations for the new deal, and the speed of launching the market has accelerated significantly, but buyers are still cautious.
The speed of pushing is accelerated, and the buyer is cautious in placing orders
On the first weekend after the introduction of Shenzhen's new policy to optimize the purchase limit, a new project in the Longhua area of the non-restricted purchase was listed, and the reporter saw at the scene of the marketing center that there were many people who came to see the house, and many of them were all members of the family, but they were more cautious in placing orders.
A house viewer from the Futian area, a restricted area, told reporters that he was interested in changing houses, and since last year, he has also seen a lot of new houses. After the lifting of purchase restrictions in Shenzhen's 7 districts, he believes that developers in these areas may speed up the pace of launches, and there will be more real estate options in the future. "Now it is a buyer's market, new houses, second-hand houses are pushed more and more, as long as the house price is not expected to rise, we will slowly pick. I only hope that the seller's discount will be greater, the cost of buying a house will be lower, and the right house will be sold. "Obviously, this prospective homebuyer hasn't been much affected by the new deal.
In fact, according to the reporter's understanding of the intention to buy a house, most people seem to be not greatly affected by the optimization of the purchase restriction policy, and those who do not plan to buy a house will still not increase their purchase plans because of the release of purchase restrictions. "Are we missing places? What we lack is money, and what we lack is faith. "Most people say that house prices have been declining, incomes have not really improved, and confidence in the real estate market is not easy to recover. For prospective home buyers who are interested in buying a house, the introduction of the optimized purchase restriction policy may increase the frequency of wait-and-see, but the transaction is still cautious, especially for home buyers with replacement needs, compared with the relaxation of purchase restrictions, they seem to be looking forward to the policy of "VAT 5 to 3, or even reduction or reduction".
Compared with buyers, as sellers, whether they are developers or real estate agents, they seem to have expectations for the new policy, and the speed of launching is significantly accelerated.
The new project of Buji, which is also located in the non-restricted purchase area of Shenzhen, has been held in the hands for decades and has also chosen to sell this weekend, launching a small apartment that has been scarce in the market for many years, and the publicity of "the total price is only more than 1 million" has attracted many buyers to gather in the model room. Although the developer listed various advantages of the product, most of the industry insiders who visited the visit said that the launch at this time was mostly related to the "cancellation of purchase restrictions" policy, and the funds were returned as soon as possible while the heat was hot.
At the same time, the sales staff of real estate agencies are busy again this weekend. "This group of people who wanted to buy it before but didn't have a place to buy it, there have been a lot of inquiries these days. There are still some hesitant people, after the optimization of the purchase restriction policy came out, they also said that they wanted to see the house in the past two days, and they felt that the market had been a little hot recently, but not much, and it was right to take advantage of this opportunity to sell more. A real estate agency staff member of Lianjia told reporters.
This weekend, many people around the reporter also said that they received more calls to sell houses, "just last night, I received two calls to sell houses, one was to ask if my house should be sold, while there is a policy now, the market is hot, you can consider it." The other is to ask me if I want to buy a house, the number of listings has increased significantly in the past few days, and there are more choices, so it is recommended to see more."
The listing price of second-hand houses has risen
According to the monitoring data of Shenzhen Central Plains Research Center, in the target monitoring area, more than 30% of the second-hand housing listing prices in the area have rebounded. Among the 83 districts in Shenzhen, 25 districts saw a rebound in the average listing price in May, accounting for 30.1%; There were 56 districts with a decline in the average listing price, accounting for 67.5%; There are 2 districts where the average listing price is almost unchanged.
On the whole, the areas where the average listing price has increased are mainly distributed in the central and western regions, including Longhua Center, Bao'an North, Nanshan Science and Technology Park, Shenzhen Bay Luxury Residential Area, Futian Center and other areas. The highest increase in May was in the Shenzhen North Railway Station area in Longhua District, which is not restricted to purchases, and the average listing price in the area is 88,000 yuan/㎡, an increase of 14.0% month-on-month. In addition, the area with a higher increase is the Shangbu area of Futian, which is limited to purchase, with an average listing price of 86,000 yuan/㎡ in May, an increase of 9.3% month-on-month. In the Chegongmiao area of Futian and the Shajing area and Nanshan Science and Technology Park area of Bao'an, the second-hand listing prices have all been corrected to varying degrees.
But at the same time, the monitoring data of the Central Plains Research Center also showed that the decline in the listing price in May was significantly greater than the increase. Shenzhen Central Plains Research Center believes that the stock of non-core areas of the Shenzhen market is high, the de-involution is slow, and the involution is serious, such as Guangming, Bao'an, Longhua, Longgang, the inventory of new houses is more than 8,000 sets, and the inventory of Pingshan is also more than 6,000 sets. After the relaxation of purchase restrictions in non-core areas, the effective demand in the regional market will increase, the speed of destocking will be accelerated, the transaction will also increase, the market competition will gradually decrease, the financial pressure of real estate enterprises will be alleviated, and the willingness of developers to reduce prices will be reduced, which will help stabilize market prices.
Source: Securities Times