Where will the real estate market head in 2023?

Ni Hong, Minister of Housing and Urban-Rural Development, answered this much-concerned question in an exclusive interview with CCTV reporters.

 CCTV reporter Yang Xiao:

What word would you use to summarize the core work of the entire housing and urban-rural development department this year?

 Ni Hong, Minister of Housing and Urban-Rural Development:

Accurate.

Our housing and urban-rural construction work is complex and closely related to the interests of the people. If we want to achieve effective improvement in quality and reasonable growth in quantity, we must work hard on precision.

First of all, the problem must be identified accurately, the goal must be accurately aimed, and the policy must be implemented accurately. Only in this way can we accurately implement the spirit of the Central Economic Work Conference and accurately satisfy the people's yearning for a better life.

Implement policies according to the city and implement them precisely to boost market confidence.

Strong support is required for the purchase of the first home.

The down payment ratio and the first set of interest rates should be lowered.

Reasonable support should be given to those who purchase a second home.

Policy support should be given to old-for-new, small-for-big, and families with many children.

For the purchase of more than three houses, in principle, it does not support it, that is, it does not leave room for speculators to re-enter the market.

At the same time, increase the supply of affordable rental housing and the construction of the long-term rental housing market, so that new citizens and young people can live in a better place, and let them free their hands and feet to strive for a better life.

Vigorously promote the work of ensuring the delivery of buildings, ensuring people's livelihood and ensuring stability.

Efforts should be made to resolve the risks of real estate enterprises, improve housing construction standards, and provide full life cycle security for housing.

Work together to rectify the order of the real estate market, so that the people can buy houses and rent houses with confidence.

We will firmly grasp the basic point of making the people live in peace, aiming at making people live in better houses, from good houses to good communities, from good communities to good communities, from good communities to good urban areas, and then make Well-planned, well-constructed, and well-managed cities make cities more livable, resilient, and intelligent.

 CCTV reporter Yang Xiao:

Are you confident in your work this year?

  Ni Hong, Minister of Housing and Urban-Rural Development:

I am still full of confidence in the work of housing and urban-rural construction in 2023. I am still very confident that the real estate market will stabilize and recover.

  CCTV reporter Yang Xiao:

As Minister Ni said in the interview just now, in the work of expanding domestic demand and promoting consumption this year, housing improvement is an important task. At the same time, in the work of preventing and defusing major economic and financial risks Among them, real estate is also located among them.

So how to deal with the relationship between the two, precision and accuracy are particularly important.

Only when the goals are targeted and the policies are right, can we give confidence to the market, homebuyers, and new citizens and young people in the city to have confidence in their future.

  (Headquarters CCTV reporter Zhang Qin Wang Yan Cui Xia Yang Xiaobo Zhong Min Yudi Zhang Bojia Lin Huang Wei Shenhao Zhang Haoyin Lisa Jiaxing Han Fei)