In July, the property market changed dramatically, and the unfinished building was saved

time:2022-12-09 19:54:51source:chakarski.com author:Aviation stock
In July, the property market changed dramatically, and the unfinished building was saved

Since the beginning of July, the property market has undergone tremendous changes. Landlords of unfinished businesses in various places have launched a campaign of "forced loan termination", which has made unfinished buildings continue to rush into hot searches. At this time, everyone realized that there are so many unfinished buildings in our major cities, and some cities even accounted for 30% of the newly built area last year! One of the three properties is unfinished. Now, how to save the unfinished building has become a real problem in front of us. As a large unfinished business, Zhengzhou decided to let local state-owned enterprises and AMC institutions set up a bailout fund for unfinished buildings. The so-called AMC refers to an asset management institution that specializes in dealing with bad debts. In addition, Xianyang, Shaanxi Province announced that a department of the Housing Administration Bureau is required to help an enterprise, so as to ensure that the building is handed over and not unfinished. There is also a certain city that even issued a new policy that requires future houses to be sold with existing houses, which cuts off the possibility of unfinished buildings from the root. In general, Zhengzhou's method is still relatively feasible at present. Zhengzhou has solved more than 10 real estate projects through this method before, but there are a lot of unfinished projects, and it is too busy. And the China Banking and Insurance Regulatory Commission has set a tone, that is, to solve it through market means, the implication, you know. Our unfinished buildings are different from the supply cuts before the US subprime mortgage crisis. We took the initiative to cut off the supply. Although the pressure was great, there was still some money to squeeze. In the United States, it is more passive to cut off the supply and buy a house that it cannot afford at all. Therefore, our unfinished property shortage is an additional fund, a leader, to revitalize these stock assets. This fund can allow the house to be repaired, the owner is willing to repay the loan, and the bank loan will not become a bad debt. In fact, the money is not much. The construction cost of the real estate itself, apart from the land, is only two or three thousand yuan per square meter, and the luxury house may be higher. Moreover, many unfinished houses have actually been repaired more than half, so the actual funds needed may be less than half. As for the cancellation of the off-plan, it is indeed possible to solve the unfinished problem once and for all. This measure has recently caused a lot of debate among economists. Some people think that it should be cancelled and withdraw from the stage of history. Others believe that this makes real estate developers more cash-strapped and more detrimental to homebuyers. I personally think that it can be cancelled gradually, or paid in steps. Even if it is not cancelled, the supervision guarantee is in place, I am afraid it will not be unfinished. The off-plan housing system has indeed made developers use high leverage and contributed to the rapid development of the real estate market, but now it has obviously done more harm than good. First, these high leverages have brought great financial risks and pushed up the leverage of the entire financial system. The unfinished real estate brought about is not only a financial risk, but also a huge social risk. Second, do we need to continue to maintain double-digit growth in real estate now? At present, our per capita housing area and the number of housing units per household are in the second echelon in the world, which is very good. Moreover, the birth population is constantly declining. In the situation that the overall supply of the property market has exceeded the demand, it is really unnecessary and impossible to maintain the high growth of real estate in the past 20 years. So, slow down and be steady is actually a good thing for everyone.
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