China News Service, September 15th. The spokesperson of the National Bureau of Statistics, Fu Linghui, pointed out on the 15th that in the future, China's real estate market will continue to improve with the housing system of multi-agent supply and multi-channel guarantee, and there is a foundation for maintaining overall stability. .
Data map: Commercial residential high-rise buildings in the main urban area of Chongqing.
Photo by China News Agency reporter Chen Chao
On the 15th, the State Council Information Office held a press conference on the operation of the national economy in August 2020.
A reporter asked a question. Some analysts believe that with the continuous tightening of control policies, housing prices will risk a hard landing. How should we treat this?
What impact will this have on the economy?
Fu Linghui said that since the beginning of this year, under the impact of the epidemic, real estate in the first quarter has seen a significant decline in investment, sales and related aspects.
With the recovery of the economy, real estate has shown a recovery trend. In the first eight months, the sales of commercial housing have turned positive, and the decline in sales area has also narrowed.
Fu Linghui pointed out that since the beginning of this year, in the face of the impact of the epidemic, the government has not used real estate as a means of stimulating the economy in the short term. It still insists on the positioning of housing and not speculation, continues to implement the main responsibility of the city, and maintains the overall stability of the real estate market. The positioning has not changed.
However, it should be noted that the recent rebound in real estate is due to some depressive demand release factors in the previous epidemic, and also due to the increase in financial support for the real economy, which has led to a downward trend in market interest rates. Medium and long-term interest rates have decreased, and objectively they have also decreased. Some buyers bear the burden, which is also conducive to the recovery of the entire real estate market.
Fu Linghui said that in general, both investment and sales are still at a relatively low level and have not returned to a normal state.
In the future, China's real estate market will continue to improve with the multi-subject supply, multi-channel guarantee and other housing systems, and there is a foundation for maintaining overall stability.