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.
House prices rise in OsakaData on the rise in housing prices in Osaka. According to documents [1] and [3], house prices in Osaka increased by 11.48%(average annual increase) and 13.9% in 2019. In addition, document [7] mentioned that the price of apartments in Osaka continued to increase over the past 14 months, with a year-on-year increase of 22.1%. However, the specific increase data may require further investigation and analysis.
House prices in Hainan continue to riseThis statement was not accurate. From June 16,2019 to November 10,2024, property prices in Hainan fell by 13.0%. Although some properties had recently lowered their prices, for example, last year's starting price of 22000 yuan/square meter, this year's new building price started at 17000 yuan/square meter. At the same time, according to the statistics from January to October 2024, the average price of housing sales in Hainan also decreased year-on-year. However, the prices in some areas of Tianya were still relatively high, such as 37775 yuan/m2 in Haitang District and 34785 yuan/m2 in Jiyang District. In November 2024, the average price of Tianya increased by 0.17% compared with the previous month. In general, housing prices did not continue to rise.
Can the Changbai House in Shengyang still rise?The housing price trend of Changbai Island in Shen Yang was affected by many factors, and it was difficult to determine whether it would rise again.
From the perspective of favorable factors, the national and local governments of the city had introduced a series of policies to support the real estate market, such as reducing the down payment ratio and preferential loan interest rates. These policies would also have a positive impact on the housing prices of Changbai Island. Changbai Island had good supporting facilities, such as Wanghua Road Primary School, No. 5 Primary School of the railway, Peace No. 1 School, Nanchang Middle School, No. 126 Middle School, No. 134 Middle School and other famous schools in terms of educational resources. It was attractive to property buyers with educational needs. From the perspective of urban development, the city continued to increase investment in transportation, education, medical care and other aspects of infrastructure. The overall attractiveness of the city increased, and Changbai Island would also benefit.
However, there were also some disadvantages. Changbai Island had basically been developed, and there was a lack of big benefits to stimulate a sharp rise in housing prices. Changbai Island had a high population density, so it was not suitable for improving the customer base. Moreover, many residential areas were more than ten years old, and the design and decoration of the houses might be outdated. Moreover, there were a lot of second-hand houses for sale on Changbai Island. Without a large increase in the population, it would put some pressure on the rise in housing prices. Previously, Changbai Island's housing prices had also fallen. For example, from January to September 2024, Changbai's housing prices fell from 15,000 to 13,000.
Based on the above factors, it was not easy to judge whether the houses in Changbai Island in Shen Yang would continue to rise.
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