First, the accelerated decline in house prices.
The relaxation and adjustment of real estate policy did not improve the willingness to buy houses in first-tier cities, but greatly increased the selling, and the confidence of the market collapsed even more.
Second, house prices have stopped falling and stabilized.
The cancellation of demand-side restrictions boosted the overall confidence of the market, and the decline in house prices narrowed or stopped, but it could not reverse it.
Third, the differentiation of housing prices.
Small and medium-sized cities sell local real estate and replace real estate in first-and second-tier cities, thus forming the rise and fall of housing prices in big cities and small and medium-sized cities.
Development history of China real estate market
1,1in 1992, the housing reform was fully started, and the housing accumulation fund system was fully implemented. 1993 "housing project" started. After 1992, the real estate industry grew rapidly, with the highest monthly investment increase as high as 146.9%. The real estate market in some areas was once chaotic, and there was a more obvious real estate bubble in some areas. 1After the macro-control at the end of 1993, the investment growth rate of the real estate industry generally dropped sharply. The real estate market began to recover after a period of downturn.
2. Since 2003, house prices have continued to rise, and the selling prices of houses in most cities have risen sharply. Subsequently, a number of regulatory policies for the real estate industry were introduced. The earliest is 1978, which has gone through 40 years of history.