The latest research report released by the Chinese Academy of Social Sciences predicts that housing prices will begin to decline in October 2010, with the largest drop in house prices reaching 20% ​​in the fourth quarter. A series of regulation of the property market was introduced, together with the central bank raising interest rates for the first time in three years, most market participants said that the price hike at the end of the year is basically suspenseful.
In fact, for the real estate trend, the industry consensus that prices will continue to rise, when the increase will be slower than the national macro-control. The research report of the Chinese Academy of Social Sciences also stated that although the prices of first-tier cities may drop by 20% under this round of macro-control, it is expected that prices may bottom out from the second half of 2011.
The CASS's forecast of falling housing prices and the lowering of the prices of suburban real estate have made many buyers with hard demands feel that they are willing to purchase real estate as soon as possible after the housing price falls. One Mr. Ho, who is expected to marry in 2011, said, “We originally wanted to buy a house at the beginning of the year, but the funds are insufficient. The state’s macro-control has also been saying that it is necessary to adjust house prices. The signs are that we are ready to buy a house price once it has gone down. If we bottom out, we don’t know how much it will go up.†There are not a few consumers who have the same ideas as Mr. He’s. Buy as soon as possible.
The housing turmoil caused by falling house prices will inevitably bring a lot of passenger traffic to the building materials market. The manager of a home shopping mall told the writer that “as the previous housing market continued to slump, everyone was waiting and seeing, and it also affected the building materials market. The transaction rate has fallen a lot compared to previous years. The decline in house prices expected by the Academy of Social Sciences is bound to The mobilization of the enthusiasm of buyers, or at the time of falling prices, caused a wave of small purchases, will also increase the demand for home building materials and home improvement market, and formed a boom in building materials sales from the end of 2010 to the first half of 2011. ."
In fact, for the real estate trend, the industry consensus that prices will continue to rise, when the increase will be slower than the national macro-control. The research report of the Chinese Academy of Social Sciences also stated that although the prices of first-tier cities may drop by 20% under this round of macro-control, it is expected that prices may bottom out from the second half of 2011.
The CASS's forecast of falling housing prices and the lowering of the prices of suburban real estate have made many buyers with hard demands feel that they are willing to purchase real estate as soon as possible after the housing price falls. One Mr. Ho, who is expected to marry in 2011, said, “We originally wanted to buy a house at the beginning of the year, but the funds are insufficient. The state’s macro-control has also been saying that it is necessary to adjust house prices. The signs are that we are ready to buy a house price once it has gone down. If we bottom out, we don’t know how much it will go up.†There are not a few consumers who have the same ideas as Mr. He’s. Buy as soon as possible.
The housing turmoil caused by falling house prices will inevitably bring a lot of passenger traffic to the building materials market. The manager of a home shopping mall told the writer that “as the previous housing market continued to slump, everyone was waiting and seeing, and it also affected the building materials market. The transaction rate has fallen a lot compared to previous years. The decline in house prices expected by the Academy of Social Sciences is bound to The mobilization of the enthusiasm of buyers, or at the time of falling prices, caused a wave of small purchases, will also increase the demand for home building materials and home improvement market, and formed a boom in building materials sales from the end of 2010 to the first half of 2011. ."