NPC deputies said that the momentum of the real estate bubble has been reversed. Will house prices go up next?

I don't think house prices will rise in the future. Although the real estate bubble has been reversed, the real estate bubble in China is still very serious, but it has not expanded. Once it is punctured, it will bring many negative effects to the economy. First of all, the housing price in China is already very high, and there is no room for further increase, especially in first-tier cities, where the price is tens of thousands of dollars. Many people can't afford a house of their own in big cities all their lives, which has exceeded the purchasing power of many ordinary people.

The fertility rate in China is decreasing. Because these young people are more in pursuit of freedom or life pressure, many families are reluctant to have children, and even the divorce rate is getting higher and higher. Therefore, it will inevitably lead to more and more aging in the future. Now all parts of China are still vigorously building houses, the population is decreasing, and the number of houses is increasing, which will inevitably lead to a situation of more people and fewer houses. So once supply and demand exceed demand, house prices will only continue to decline.

The person who should buy a house has already bought it, and the person who can't afford it can't afford it. The reason for the rise in house prices is that there are many people buying houses. Now everyone has several houses. Now the urbanization of China has reached a certain level, and it will not continue to increase in the future. Therefore, there will not be too many people buying houses, and there will be no queuing to buy houses in the past. With the continuous influx of population into big cities, houses in third-and fourth-tier cities are not needed at all.

China's economic development is sluggish, and citizens' income is rising very slowly, so it is very difficult to maintain daily expenses. There is no extra money to buy a house, and the rise in house prices is closely related to the economy. When the economy is developing well, citizens will naturally choose to buy a house if they have money in their pockets. When the economy declines and it becomes more and more difficult for citizens to earn money, they don't have so much money to buy a house, and house prices will naturally continue to fall.