Photo: The community outside the Fourth Ring Road in Beijing. Zhongxin Jingwei Liu Xueyu photo
Zhongxin Jingwei Client July 12 (Liu Xueyu) As the weather vane of the national property market, Beijing has issued a series of the most stringent regulatory policies in history since March 17. Now, the regulation will be over four months. Has the Beijing property market returned to rationality? Under the control, what changes have taken place in the mentality of buyers?
Case 1:
For the first set just needed, or a good time to buy a house.
Ms. Li, a graduate student, shared a one-bedroom apartment near Changying, Chaoyang District with her friends. "I decided to buy a house because I don’t want to live in a rental house anymore." During her five years in Beijing, Ms. Li moved at least three times.
"The rent of tens of thousands of dollars a year is handed over to the landlord in vain. It is better to raise money to buy a house yourself." After discussing with her family, Ms. Li began to look at the house last year.
In addition to commercial housing, self-occupied housing is also considered by Ms. Li. "The current price is much lower than before the introduction of the policy. It is better to buy a house as soon as possible." In mid-June, Ms. Li bought a one-bedroom apartment of more than 40 square meters near dingfuzhuang, with a total price of about 3 million yuan. In Ms. Li’s view, after the policy regulation, house prices tend to be stable. For those who just need it, it is the right time to buy a house at this time.
According to the intermediary agency near Chaoqing, it told Zhongxin Jingwei client (WeChat WeChat official account: jwview) that the market turnover has declined recently, and most of the buyers are the first group who just need or change houses, so the transaction cycle has also been lengthened.
Case 2:
The second set of down payment ratio increased, and the house exchange plan was put on hold.
"After cooking, the smell of oil smoke in the room made me make up my mind to change rooms." For Ms. Wang, who lives in Chaoyang North Road, she has been thinking about changing rooms for half a year. Since the house she bought is an open kitchen, the fumes can’t be discharged. Since the beginning of this year, Ms. Wang and her husband, Mr. Chen, who immediately planned to have children, began to have the idea of changing rooms. It is facing the strictest regulation in Beijing’s history. It stipulates that the down payment ratio of the second suite should be increased to 60%, and the down payment ratio for purchasing non-ordinary houses should be no less than 80%.
Since the house purchased by Ms. Wang belongs to non-ordinary houses, the down payment ratio has increased to 80%, which has forced her to shelve the plan of changing houses. "Even if you choose to buy a house in a suburb with a cheaper unit price, you will still be unable to buy your favorite big house because of the limited down payment." Under the intensive control, whether or not to change rooms, so far, Ms. Wang’s family is still waiting to see.
Case 3
The owner is helpless to sell the house, and no one cares about the continuous price reduction.
Mr. Liu, who lives in Shunyi, had previously borrowed money to buy a three-bedroom apartment of more than 140 square meters in Shunyi. Because he is about to get married and his workplace has changed, he wants to sell his three-bedroom apartment in Shunyi and buy a two-bedroom apartment in the city as a wedding room for him and his girlfriend.
Since March this year, Mr. Liu has entrusted an intermediary to put the house on the market for sale. "At the beginning of the year, the price of this house was 4.3 million. At that time, there were still buyers who came to see the house. Because of the large area, there were not many people looking at the house. This makes Mr. Liu feel anxious and worried. Wave after wave of buyers just look at it and don’t buy it, which makes Mr. Liu’s price drop again and again. The total price of the house has dropped from the initial 4.3 million to the current 3.8 million, but few people are interested.
In fact, it is not a case that Mr. Liu sells at a reduced price, and many owners are also worried about the current housing prices. Hu Jinghui, vice president of Weiye I Love My Family Group, said in an interview with Zhongxin Jingwei client (WeChat WeChat official account: jwview) that with the decrease of demand and the decline of transaction volume, more and more owners in Beijing’s second-hand housing market began to give up their insistence on housing prices.
"Some owners who are anxious to sell the money back are constantly lowering the selling price in order to sell it quickly, which also makes the second-hand housing prices in Beijing have been declining continuously since April." Hu Jinghui said that the price reduction housing is no longer limited to large-sized non-ordinary houses with high total price, and more and more small and medium-sized ordinary houses have joined the ranks of price reduction. It can be predicted that the second-hand housing prices in Beijing have entered a downward channel, and the future housing prices will usher in a more obvious decline.
He said that under the severe New Deal, the entire Beijing property market is now cooling down. At present, the transaction volume of both new houses and second-hand houses is at a historical low level, and there is even a tendency to continue to decline slightly. In view of the fact that the transaction volume of new houses and second-hand houses in Beijing has fallen to the bottom, the decline in the transaction volume of new houses and second-hand houses in Beijing will gradually decrease and stabilize at a low level in the future.
Zhang Dawei, chief analyst of Zhongyuan Real Estate, said in an interview with Zhongxin Jingwei client (WeChat WeChat official account: jwveiw) that in the first three months after the policy regulation, the price of the second-hand housing market in Beijing was dominated by the game. "In July and August, the two months are the off-season of the real estate market, the transaction volume will continue to be sluggish, and the transaction price will continue to decline."
Zhang Dawei believes that it is expected that the transaction price of Beijing property market will continue to drop by about 5% in July and August, and the price may return to the level of October 2016. (Zhongxin Jingwei APP)