Second-hand housing to meet the New Deal challenges: industry crisis and opportunities coexist
08/17/2024- House price fluctuations: The new policy aims to keep house prices unchanged, but it may lead to house price fluctuations in a short period of time, bringing uncertainty to buyers.
- New Deal scenery and content
Compared with the past few years, the second-hand housing market in China is lively, but it also reveals some problems, such as opaque housing information and high business costs.
- Industry crisis
- Turnover decline: After the implementation of the New Deal, the turnover of the second-hand housing market has declined, and some of the notices are that buyers have changed their market expectations and have a look around.
- Promote the healthy growth of real estate: The New Deal will help curb speculation and promote the long-term healthy growth of the real estate market.
- Industry integration: The New Deal will promote the integration of the second-hand housing intermediary industry, the elimination of superior and inferior, and improve the overall degree of doing things.
Second-hand housing market to meet the New Deal picking quarrels, industry crisis and opportunity coexist. This series of policies has brought unprecedented troubles to the second-hand housing market, but it has also brought new opportunities for growth to the industry.
- Advance buyers’ confidence: With the gradual implementation of the policy, buyers’ confidence in the market’s decision will slowly recover, which is conducive to the unchanged market. At this juncture, the real estate industry needs to actively respond to change into a long mode, inexhaustively enhance my competitiveness, in order to adapt to the new market landscape. At the same time, the government also needs to continue to increase the supervision of the second-hand housing market, ensure the implementation of the policy, and urge the healthy growth of the real estate market.
Recently, the Chinese government issued a series of new policies for the second-hand housing market, aiming to standard market order, unchanged house prices, and promote the healthy growth of the real estate market.
- Intermediary industry reshuffle: The New Deal puts forward higher requirements for the business model of the second-hand housing intermediary industry, and some non-standard intermediaries face the risk of being cut. In order to improve the market situation, the government introduced a series of new policies.
- Opportunities for growth
- Market standardization: The New Deal helps to urge the standardization of the second-hand housing market, advance the transparency of housing information, and provide buyers with a fair and fair business scene. Important contents: Strengthen the supervision of the second-hand housing market, release standard housing information, brutally implement the real estate business tax policy, and urge the real estate valuation industry to change