Now the real estate industry has entered a period of depression. House prices in many places, especially small and medium-sized cities, have shown a downward trend, and the rapid upward trend of house prices in big cities has also been curbed. More importantly, out of the mentality of buying rises but not falls, more people choose to hold their coins and wait and see, and no longer rush to buy a house. The decline in real estate has a huge impact on various industries, so many cities have issued a "fall order", stipulating that the decline in houses cannot exceed 15%.
Xiaoma believes that the direct consequence of the decline in real estate is that the land has begun to fail to sell . Recently, the land in many places cannot be auctioned, and the income from land transfer fees actually accounts for the majority of local fiscal revenue. If real estate continues to be in a downturn, it is very likely to cause local fiscal difficulties. How will local governments operate in the future? Therefore, Harbin was the first to release the first shot of real estate rescue, hoping to reverse the trend of the real estate market depression. It is estimated that other local governments will introduce similar measures soon, and house prices should be stable and there will be no decline. This is actually the last chance for real estate developers to seize the opportunity to to destock , especially for companies like Evergrande that are in bankruptcy. If they can seize this opportunity and quickly destock, they may be able to get rid of the bankruptcy situation. However, there is not much time left, after all, real estate cannot keep upward trend.
