How serious is China's property stocks? vacant housing can accommodate 220 million people
Vice President of China real estate Association, said Gu Yunchang, for sale area refers to the House has been completed, and still under construction but has started to sell "faster", the data far more than more than more than 600 million square meters.
on September 30 last year mortgages since the new deal, liberal policies such as real estate, finance, market demand release, 6 months before October, monthly market turnover growth is a growing trend. This year, however, recovery of housing market transactions and not bring improved inventory, come from the statistics show Howe, late September 2015, the national sale 665.1 million square meters of commercial housing in 2014, when compared with 106.22 million square meters, compared with same period in 2014 has increased 218.74 million square meters.
Asia Marketing Director Guo Yi hao agencies said, within two years, this highest decision-making level on housing's comments from the "do everything possible to increase the housing supply" to "resolve the real estate stock". Not only that, there was "the promotion of sustainable development of real estate".
inventory again, decline in investment growth stalling is not optimistic real estate data, leading to increased regulation for the real estate industry by the central supply reverse for inventory reasons. Pull down high property inventory of real estate investment directly affects the real estate investment data, according to national statistics, in January-October, the real estate investment 7.8801 trillion yuan, 2% per cent nominal growth, growing faster than the 1 – September 0.6% to a record low. Guo Yi believes that if measures are not taken, investment in real estate development was likely to turn negative. Real estate development, investment growth fell sharply to a large extent, affect the GDP, economic growth cast a shadow.
Institute of e-House track 35 city residential inventory report shows that since the second half of last year, three or four tier stocks slightly down, but still at record highs, before the inventory pressure drop to a reasonable level, developers have no incentive to buy in these areas with the expanded reproduction, so just leads to growth in investment in real estate development nearly more than 10-year low. This negative impact is also passed to the dozens of related industries such as cement, iron and steel, thus a drag on economic growth.
Guo Yi said the first half of the year, 14.8% of China's real estate development investment to GNP, GDP growth in the first three quarters fell to 6.9%, breaking for the first time in 6 years "7", I have to say, real estate development, investment growth fell sharply to a large extent, affect the GDP, economic growth cast a shadow.