Why are housing prices skyrocketing in first-tier cities?

At present, housing prices in first-tier cities have risen rapidly, and the main reasons for the rise in housing prices are as follows:

1, the liquidity is relatively abundant, and the property market in first-tier cities has become the main flow of hot money. Last year, the real estate market transferred funds through credit and stock market, and more funds flowed into first-tier cities, especially since the second half of last year.

2. The credit tax policy has promoted the transaction volume. Last year's "March 30" New Deal and February 20 this year's new tax policy also played a role in the rise in housing prices.

There is a contradiction between supply and demand. On the one hand, the centralized release of local rigid demand in Shanghai has driven some property buyers to buy things they didn't expect, and they also entered the market ahead of time after seeing the house price rise. At the same time, the demand for speculative investment has also risen again. However, the relative demand, the supply area of commercial housing and the area for sale of commercial housing have declined relatively, which has also caused some contradictions between supply and demand.

4. Some enterprises operate illegally. Some developers and intermediaries launch off-site fund-raising services such as down payment loans through P2P platforms, so that some people who have no conditions to buy second homes can enter the market through down payment loans, bridge loans and other means or enter the market in advance.