Influence of epidemic situation on real estate market

Influence of epidemic situation on real estate market

1, the impact of the epidemic on the real estate market is still great. For example, in order to minimize public gathering, many places including Beijing, Fuzhou and Chengdu have stopped the sales activities of the sales offices; The upstream and downstream links such as construction, house delivery and provident fund management have also been delayed, and the real estate market has fallen into a short-term "shock".

2. The epidemic will have a great impact on real estate development, sales and property management. If the "pause button" is pressed for real estate development, although some cities stipulate to resume work after February 9, the real impact may not be eliminated until the end of February. In addition, the traditional peak season "Xiaoyangchun" from March to April will probably be greatly reduced.

3. However, this situation is only temporary, because according to the calculation of a real estate analyst of a brokerage firm, from the past 10 year, the sales of the property market in the first two months of each year accounted for less than 10% of the annual sales, and the demand for real estate will not disappear, but will only be postponed. So the impact of the epidemic on the property market is short-term.

4. Then, after the epidemic, will the backlog of demand or concentrated entry into the market lead to a retaliatory rise in housing prices? After the epidemic, sales may recover and increase greatly, but the possibility of retaliatory rebound in house prices is less.

Because China's real estate long-term management mechanism has been basically established, it can automatically respond to market fluctuations. Under the policy operation of two-way regulation, if the monthly and quarterly fluctuations of the urban real estate market exceed a reasonable range, they may be interviewed and held accountable by the competent authorities.