There are many county-level cities in Zhejiang where housing prices are very high, especially in the Wentai area located in southern Zhejiang area. With the development of urbanization, the economies of these regions have become more and more developed, and urban housing prices have also increased.
So today we will talk about Yueqing City located in Wenzhou, Zhejiang, focusing on the current status of the property market in Yueqing City and the potential of the future property market.
Speaking of Yueqing this city, perhaps many young people don’t know it. But if we talk about how Wenzhou has developed and how private capital has developed, then the most developed place must be Yueqing City.
The current average price of new houses in Yueqing City is about 16,800 yuan, while the average price of second-hand houses has reached 20,600 yuan.
On the surface, the price of new houses is far lower than that of second-hand houses. Yueqing's current real estate development has basically spread across most towns, and the house prices developed in these towns have naturally lowered the average house price of the entire city.
It is hard to imagine that the average price of second-hand houses in a county-level city can exceed 20,000 yuan. The current real estate price in Yueqing ranks third among all districts and counties in Wenzhou, second only to Lucheng District and Ouhai District . Moreover, the difference in second-hand house prices in Yueqing City and Ouhai District is only about 150 yuan.
The high housing prices in cities may inhibit some young people from buying homes to settle down, but the high housing prices in cities more or less reflect the reason why housing prices in this region may be high.
Yueqing's development is mainly due to the development of private capital. This place has indeed given birth to many top 500 private enterprises, such as the famous Chint and Delixi both came from Yueqing.
According to Wenzhou's latest permanent population statistics, Yueqing City's permanent population now reaches 1.46 million. Such a total population can rank among the top 20 county-level cities in the country.
In addition, Yueqing itself is very developed, and its economic aggregate itself is very high. Taking 2021 data as an example, Yueqing City's economic aggregate exceeded 143.3 billion. Such data ranks first among all districts and counties in Wenzhou.
With a large population and a very developed local economy, it is natural that housing prices in local cities are high.
After all, with the substantial increase in per capita income and urban supporting facilities getting better and better, urban families will inevitably improve their living conditions, and some young people want to start families and start businesses, so they naturally need to buy houses.
Yueqing is only a county-level city, so in recent years, a group of very wealthy local people in Yueqing may have chosen larger cities, some of them went to Shanghai, some to Shenzhen, and a large part of them to Hangzhou. This more or less has a certain inhibitory effect on Yueqing's property market..
It can be said that from the perspective of county-level cities, too high urban housing prices are actually a crisis, and this crisis comes from the reduction in demand for home purchases and the possible decline in housing prices in the future.
Of course, Yueqing is still a rapidly developing city, and the current urbanization rate of Yueqing is about 66%. Compared with the urbanization rate of
and cities like Shanghai and Hangzhou, which have an urbanization rate of over 80%, there is still a certain gap.
For Yueqing, a county-level city, its industrial foundation is quite strong. As of the end of 2021, Yueqing has formed 1,573 industrial enterprises above designated size.
Based on the current industrial foundation of Yueqing City, it can compete with many prefecture-level cities across the country, not to mention that Yueqing's industrial enterprises are at the forefront of various detailed fields.
In 2021 alone, the output value of large and medium-sized enterprises in Yueqing City was 180.7 billion. Now Yueqing has formed industries in many new fields such as high-end manufacturing, environmentally friendly manufacturing, fashion manufacturing, and high technology.
These companies invest heavily in research and development every year to promote product upgrades and promote the company's competitiveness in the entire field.
Yueqing City has developed very early. Naturally, local residents have great quality requirements for their living needs. Today, Yueqing City has more than 440,000 motor vehicles of all types, which means that every four Yueqing people have at least one car.
Yueqing City has developed rapidly in recent years, and the local city budget revenue is close to 10 billion yuan. The huge budget revenue every year will inevitably be used for the construction of the entire city and promote the transformation of the entire city.
In addition, Yueqing itself is a city where wealth lies in the people. As of the end of 2021, the balance of various deposits in Yueqing City reached 204.5 billion, of which the balance of deposits among local residents exceeded 140 billion.
For Yueqing, a county-level city, the per capita income is even higher than that of some provincial capital cities. Taking 2021 data as an example, the per capita disposable income of local urban residents reached 73,200, while the per capita disposable income of rural residents reached 41,900. What's more, Yueqing's per capita disposable income has basically increased by more than 8% in recent years.
The huge annual income must be used to improve one's own family. Food, clothing, housing and transportation are the necessary choices for everyone. In Yueqing City now, regardless of whether it is urban residents or rural residents, their housing construction area is more than 60 square meters.
For Yueqing City, local people dare to consume and have the courage to consume. The local people are brave enough to make money, so there is a reason why Yueqing has been at the forefront of Wenzhou over the years.
Of course, there are certain deficiencies in the process of urbanization development. Many locals choose to buy houses and settle down in cities like Shanghai and Hangzhou, mainly because the supporting facilities in cities like Shanghai and Hangzhou are indeed much better than those in Yueqing.
For example, the tertiary general hospitals in the city and the first-class basic education schools in the city are what every family yearns for. In addition, when living in a big city, the vision of everyone in the family may change.
From this perspective, Yueqing may also face great challenges in the future.
Of course, Yueqing is located in the Wenzhou area, which is the core area of Wenzhou's urban area. With the integrated development of Wenzhou's Lucheng District, Ouhai District and Yueqing City, I believe that Wenzhou City Yueqing City will also be able to enjoy the future urban facilities.
Wenzhou itself is one of the sub-central cities in the Haixi region. Its status is not low. It is the third largest central city in Zhongjiang, Zhejiang Province and the center of southern Zhejiang.
There have been more and more listed companies in Yueqing City in recent years. As of the end of 2021, there are 11 listed companies in Yueqing City at home and abroad. For Yueqing City,
accelerates economic development and promotes enterprises to gain a firm foothold in the segmented fields. In addition, in the process of urbanization development, the supporting facilities of the entire city have been rapidly improved, so that more young people who start businesses and work in Yueqing are willing to stay in this city and are willing to work and develop together with this city.
Although the housing prices in Yueqing City are now very high, Yueqing City is indeed a city worthy of some young people to work together.
Although Yueqing City is only a county-level city now, Yueqing City is an important core component of Wenzhou Metropolitan Area.
Although there are certain shortcomings in Yueqing City now, the growth of Yueqing City does allow us to see its future.
believes that with the economic development of Yueqing City, the energy level of the entire city will rise further. We look forward to the rapid changes in Yueqing City, and we also have a certain degree of confidence in the future of the property market in Yueqing City.
personal opinion, for reference only.
