Will housing prices in Yinchuan still rise?

Keep having fun! What kind of environment is good, what capital city, etc.! It's all bullshit. Looking at the essence through performance, Yinchuan is a small city with a less developed economy and a small population. Nowadays, everyone goes to Yuehai, saying that the economy and education there are good. So the house price is about 8,000. Most people in Yinchuan now hope that housing prices will rise. It can only explain one problem. Most people in Yinchuan own houses, and more than one. (There are many houses in Yinchuan that have money. Those who have no money have already taken out loans to buy houses. The rest are the so-called poor people. They cannot afford to buy a house now. You still hope that they will be able to buy a house when housing prices are higher in the future.) Therefore, locals are no longer short of housing. How can Yinchuan's economy attract outsiders? Or the environment? Or employment conditions, or wages? Which point has Yinchuan achieved? There are also people who think that after the Yinxi high-speed railway is completed, the population from other places will increase. Please check the real estate prices in Xi'an at the same time. I'm afraid that after the Yinxi high-speed rail is completed. Many people from Yinchuan will buy houses in Xi'an and move to Xi'an. After all, what’s the difference between Yinchuan and Xi’an? (For example, there are more than 100 colleges and universities in Xi'an, and 20% of the graduates remain after graduation every year) Xi'an's future population growth is truly powerful

As a financial worker, I have a deep understanding of Yinchuan's future. If housing prices are not optimistic, it is unlikely that housing prices will rise in the future.

Because the current rise in housing prices in Yinchuan is instigated and tempted by many "bad" factors, it is an irrational rise phenomenon that cannot last long. Moreover, the rise in housing prices is both driven by demand and affected by economic development. The economic development of a city is the main driving force behind the rise in housing prices in that city.

Yinchuan does not have these two factors at all. First, the traffic conditions are not ideal. It is not as good as the high-speed rail in nearby Zhongwei. This is a short leg for a provincial capital city, and the economy is not good. It is almost as developed as nearby Wuzhong City and Shizuishan City. People do not have to go to Yinchuan to buy a house. It is obvious that the influx of population in Yinchuan will not be too large in the future, and there will be insufficient motivation to promote rising housing prices. Second, due to other abnormal influences, there has been an irrational increase in home purchases in Yinchuan. It is a city with a relatively high vacancy rate among provincial capitals in the country. Some people joke that every family in Yinchuan has four or five houses, and housing prices are also high. The price has no market, and it is unlikely that house prices will rise again in the future. Third, as an inland provincial capital city in the northwest, with a backward economy and a lack of tourism resources, it is not very attractive to the outside population. It is almost impossible to increase the demand for housing purchases based on the population in this area alone.

Based on the above factors, it is basically impossible for Yinchuan housing prices to rise in the future, and there may also be a downward trend.

When I saw this question about housing prices in Yinchuan, I couldn’t help but want to answer it. Let’s talk about my own views.

Will housing prices in Yinchuan continue to rise? I think it may rise at a certain stage and in a certain area, but we cannot rule out the possibility of a false rise or a short push. Although housing prices are rising, just like "it's going to rain and my mother wants to get married," the people can't stop it. But it is not a scourge, it is completely controllable and manageable by the government. So, what is the situation of housing prices in Yinchuan? Should they rise?

Yinchuan City is the capital of the Ningxia Hui Autonomous Region, but after all, Yinchuan is located in the northwest and is a remote inland third-tier city. The urban area is small, the population is not large, and the transportation is underdeveloped. These are the actual conditions. However, housing construction in Yinchuan has increased rapidly in recent years, and the vacancy rate of completed housing remains high, filling the streets. Someone once joked that only four or five apartments per capita in Yinchuan are enough. The attractiveness of a city is not the number of houses, but the city's comprehensive indicators and happiness index.

The traffic situation in Yinchuan is worrying. Such a small city ranks among the top in the country for congestion. Imagine a city that can't even solve basic traffic problems. Wouldn't it be depressing to talk about other things? Although housing prices have been rising recently due to bad factors, I don’t think it will last long. Because the country's major policies have been decided, houses are for living in, not for speculation. The country has successively introduced regulatory policies, and lowering housing prices is the mainstream trend. Many economists predict that housing prices in third- and fourth-tier cities can only fall but not rise. Big industrialists such as Jack Ma, Li Ka-shing and Cao Dewang predict that housing prices will not rise but will fall. The actual situation of Yinchuan's housing market is also "there are houses but no market". The housing market is sluggish and sales are poor. If you hold a few houses in your hands and try to make a fortune by speculating in real estate, your dream is unlikely to come true. You may fall into a pit and suffer a terrible fall in the future.

Therefore, we must be vigilant against the recent unhealthy trend in Yinchuan that drives up housing prices and encourages real estate speculation, and do not be fooled. I also believe that a responsible local government will not rely solely on housing to increase and support GDP. Economic construction must also rely on revitalizing the real economy. Wuzhong and Shizuishan, which are adjacent to Yinchuan, are fifty or sixty kilometers apart. If you abandon your family and move to Yinchuan to buy a house, you may regret it if you give up peace, ease and comfort and live a crowded, noisy and inconvenient life. The Zhongwei High-speed Railway, which is slightly farther away, has been connected. Ningxia is not a big city, and Ningxia's cities are connected to the same city, which is fast and convenient. Therefore, buying a house in Yinchuan is not necessarily favored by people. What's more, the level of housing prices should be closely related to people's income. Some people say that housing prices in Yinchuan should exceed 10,000 yuan. May I ask, do you know how much the locals earn? In the surrounding cities and counties of Yinchuan, most people have bought houses and left them in Yinchuan for leisure, while others go to work in other places, but they are maintaining an empty house that no one lives in, which is very depressing. So don’t be fooled by others, have your own opinions, and buy a house rationally based on your needs.

Ningxia. Yinchuan. Beautiful Sand Lake

Yinchuan is a third-tier city in the country, with 6 administrative districts under its jurisdiction and a total (permanent) population of 2.25 million. Prices vary from city to city, with prices in the central city being higher. Let’s take a look at the property market in Yinchuan:

Yinchuan house price trends

In the past year, Yinchuan house prices have continued to rise. In August 2019, the reference price of the new project was 6,787 yuan, an increase of 14% from the price at the beginning of the year of 5,952 yuan.

Second-hand housing - In the past year, the price of second-hand housing has continued to rise. In August 2019, the reference price was 5,375 yuan, an increase of 3.5% from the price at the beginning of the year of 5,194 yuan; an increase of 6.14% from the same period last year.

In the main urban area of ??Yinchuan, some properties are distributed based on the average price.

Yinchuan’s economic development in 2018

Judging from comprehensive data, Yinchuan’s economic fundamentals have reached above the national average, but it is not considered a developed area.

Monk believes that housing prices in Yinchuan will be mainly stable and fluctuating

Taken together, housing prices in Yinchuan will be mainly stable and fluctuating. This is also the main body of Yinchuan city government. Requirements for long-term control mechanism of responsibility.

The above property data are for reference only.

Thanks for reading!

The rise is inevitable. I wonder if you have paid attention to it recently? The current ground price in Yinchuan reaches 4,200 yuan per square meter, plus the construction cost of 4,000 yuan per square meter, plus the money the developer needs to make, the price of newly developed projects in the future will not be less than 10,000 yuan per square meter. I saw a friend above saying that there are houses priced at 3,000-5,000 yuan in the south of the city. I want to say, do you really understand? After the Chinese New Year this year, the house prices on the north side of Liupanshan Road in the south of the city are not lower than 5,200.

Don’t be obscene. Falling house prices is a fool’s dream. House prices will only gradually rise. How many steps are involved in the process of a real estate project from the initial land purchase, design, construction, and sales to the time you purchase, obtain the real estate certificate, and get the keys? The cost of every link is rising... I am not qualified to comment on other things. I am just a migrant worker. I can only tell what I know. Building materials have been rising, right? Steel bars, wooden squares, formwork, steel pipes, concrete, exterior wall insulation, waterproof materials...and so on. Are construction costs going up all the time? Supervision, environmental protection, standardized operations, labor wages, construction machinery... As for other aspects, I don't know much, and I have no right to talk nonsense. To give a few examples, I will not talk about the government projects that I have participated in in the past few years. Check the housing prices of Shimao Yuehai by yourself. At that time, the fines imposed for environmental protection alone amounted to millions, and the equipment and labor invested in environmental protection and standardization of the construction site amounted to millions; the two 300-meter-long buildings in the Greenland Center were The rental fee for a tower crane is 400,000 yuan a month (400,000 yuan per month for each unit, two 300-meter-long buildings with two or four large tower cranes in each building, and the auxiliary cranes next to them and the surrounding auxiliary buildings are not included for the time being. ); the construction site I am working at now, China Overseas International Lianhu Garden, we came in to work on November 1, but it has been suspended for half a month for rectification due to unqualified environmental protection, unqualified standardization of the construction site, etc. It is said that it only lasted a day or two. We can only resume work after passing the inspection. The rectification funds for the past half month have exceeded 2 million. Only five buildings have been opened, and the remaining eight buildings have not yet been moved.

After talking about it for a long time, I just want to say: the wool comes from the sheep. What ordinary people buy is not just a house. A house has to go through a lot of things from the time the land is auctioned to the time the buyer gets the key. There are many links, and the cost of each link is increasing year by year, and all of this has to be paid by the home buyer in the end. So I say that falling house prices is a fantasy, unless the developers are so clever that they want to pay for takeout; house prices will only gradually rise. As for the increase, it depends on the level of costs and the developer's black heart.

What do you do with the clear water and blue sky in Ningxia? Real estate is probably the cleanest and most environmentally friendly project, and this is the general trend. I can’t say how high it will go, at least it won’t go down. But there is a cruel reality that is different from the past, that is, almost all the room for rising housing prices now and in the future has been squeezed out by developers. In other words, once a house falls into the hands of ordinary people, the room for appreciation is extremely limited, or even depreciates; unlike before, there is still some room for appreciation of the house behind the mortgage loans that ordinary people are desperately carrying, which can be regarded as a hope. It is very likely that now, seeing that the house prices that real estate developers are shouting keep rising, and your house is depreciating, buying a house will become a must-do, but embarrassing "game" that costs you money. Haha, thinking about Bigan’s heartache makes people scared...

It will not rise. First of all, Yinchuan City has no advantages for young people and there are no employment opportunities. The current house price is no longer affordable for people in Yinchuan City with a salary of 3000-4000 yuan. It is more than 6000 yuan in the south of the city, and the new development in the north of the city has reached more than 8000 to 10000 yuan. What can I buy with my salary? Developers Copy it with some high-income people