Will house prices rise or fall in 2024?The trend of housing prices in 2024 was more complicated, showing different trends as a whole. According to some data, the real estate market in the first quarter of 2024 showed a trend of "both volume and price decline". From January to February, the sales area of new commercial housing decreased by 20.5% year-on-year, sales volume decreased by 29.3%, and the average sales price fell by 8.9% year-on-year. Although various regions had continuously introduced policies to save the market, such as relaxing the purchase and sales restrictions in most cities, relaxing the purchase restrictions in non-core urban areas in first-tier cities, and lowering the interest rate of the first home loan to 3.6%, these policies were aimed at restoring market confidence, stabilizing housing prices, encouraging new home buyers, and resolving financial risks, rather than pushing up housing prices.
From the perspective of other influencing factors, the promotion of new towns may lead to the rise of house prices in third-tier and fourth-tier cities due to the release of the population bonus; If the real estate tax pilot project is fully implemented, it will increase the cost of holding for home buyers, restrain real estate speculation and promote the adjustment of house prices; Although the development of green buildings can improve the quality of real estate projects and promote the rise of house prices, on the whole, the house prices in 2024 should be "stable and declining", and the process of gradual return.
I cannot stand an author/writer using the first and last name of the character every time they are referred to. It is sooooo annoying. How many Georgias are there in the book? Only Georgia Thorne? Okay...Thorne not needed.