Relaxed conditions, 2022, real estate opportunity?

2022-06-05 0 By

Since Zhengzhou cancelled the “housing and credit”, the start of the “monetization shed reform”, more and more cities to join the ranks of the market.Harbin directly abolished the real estate regional restriction policy;Fuzhou followed announced the release of restrictions;Then, Dongguan, Beihai, Tangshan and other places have also introduced provident fund down payment proportion reduction, loan amount increase, relaxation of conditions and other relevant measures…In addition, recently, the boundary of real estate regulation and control relaxation seems to continue to expand: for example, although the LPR in March did not cut interest rates, the mortgage interest rate increased, but lowered a lot, showing the biggest monthly drop in nearly three years.At the same time, many cities have shortened the loan cycle, and even some cities can be audited as long as half a day and can be lent within a week.Conditions relaxed, is the property market opportunity to?According to statistics, so far, about more than 60 cities have introduced policies to loosen restrictions on the property market.However, in terms of the recovery effect of major cities, except for the Spring Festival in February, other months seem to be not ideal.For example, the turnover of new houses has declined significantly in many super first-tier cities since March.Turnover of new homes in Guangzhou and Shenzhen fell by 30% year-on-year.The year-on-year decline in Beijing was 31 per cent and in Shanghai 43 per cent.And nanjing, Ningbo, Qingdao and other cities, is more than 50 percent year-on-year decline.Why the recent introduction of so big efforts to save the city, the housing market recovery is not ideal?In general, after vigorously rescuing the market, the housing market is still not ideal recovery, there are two main reasons: 1.The Chinese have long been one of the world’s lesser known savers.It is reported that in 2021, China’s total household savings exceeded 100 trillion yuan for the first time, and people’s savings have achieved a net increase of 7.1 trillion yuan per month.According to the total amount of savings, if the big savers are optimistic about the house, the property market after various incentives to buy a few houses is not a problem.But, in fact, the vast majority of people save little, except for a few who save a lot.As early as 2015, the Central Bank made statistics: People with savings of more than 500,000 yuan accounted for only 0.37 percent, while those with less than 500,000 yuan accounted for 99.63 percent of the total population.According to this ratio, only about 5 million people out of 1.4 billion have more than 500,000 yuan in savings.Later, a bank also made statistics on its savings customers: rich customers accounted for 0.07%, held 31.54% of the assets, and the average amount of savings was up to 27.8 million yuan;Middle class customers account for only 2.05%, holding 50.58% of assets, and the average savings amount is 1.53 million yuan.Ordinary people account for 97.88% of customers, only 17.87% of assets are held, and the average amount of savings is only 11,400 yuan.From this statistic, we can see that the 80/20 law of wealth, as we often say in the past, has actually become history, and the actual distribution of wealth may have become: 2% of the people occupy 80% of the social wealth.In other words, after a 20-year boom in the housing market, the share of homes now stands at 70%, which means that by now, almost everyone who can afford a home has bought one.The rest of those who failed to buy a house were the decline in housing strength caused by the sudden surge in housing prices during the epidemic;There are also insufficient strength caused by the overall downturn.In fact, in addition to the lack of strength, there is also a very important reason is that people’s expectations of buying a house are reduced, the housing market, the stock market, the investment market is not enough confidence.A report shows that more and more Chinese people are inclined to save more.For example, 23.7 percent of Chinese residents prefer “more consumption,” 21.6 percent prefer “more investment,” and 54.7 percent prefer “more savings,” an increase of 2.9 percentage points from the previous quarter.As you can see by saving more and spending less and investing less,Since last year the implementation of the property market to rein, speculators who main force greatly reduced, and reduced to market expectations, and repeated outbreaks and international change caused by the rising cost, the environment of weakness, and concern about income and employment, the superposition of all these factors together, is so intense and strong strength after the rescue, the effect is still not clear why.And this, may also promote the future in the short term, the housing market is still difficult to recover.House, after a rising cycle, its investment property is lower and lower, we expect to buy anti-inflation confidence is also reduced.However, to sum up: short – term lack of confidence, does not affect its long-term position as a pillar industry.End pictures from the network, if there is infringement please contact, will be deleted!