In today's ever-changing economic situation, the fluctuations in the real estate market concern countless people.
In 2024, the average price-to-income ratio of 35 large and medium-sized cities will be 11.87, a significant decrease from 16.03 in 2019, with a drop of an astonishing 26%.
This change not only reveals the market adjustment, but also reflects the economic truth and policy influence behind it.
Let us interpret this phenomenon. @加密航海家飞鱼
The sharp drop in the house price to income ratio means that the economic pressure on residents to buy houses has eased, which is the result of the combined effect of multiple factors.
On the one hand, with the country's precise regulation of the real estate market and the gradual implementation of policies, the overheated market has been effectively curbed. In addition, as the urbanization process has gradually stabilized, structural changes have begun to appear in market demand.
On the other hand, residents' income levels have been increasing year by year, especially the growth of the middle class, which has increased people's purchasing power for housing, thereby reducing the ratio between housing prices and income.
Further observation shows that the emergence of this trend is not accidental.
In recent years, my country's real estate market has undergone cyclical adjustments, with residential sales area declining by nearly 50% compared to the previous peak period, and housing prices in most cities have also undergone deep adjustments.
All of this is silently telling us that the market is undergoing a profound change.
Behind this change is the strong guidance of national policies.
From the positioning of "housing for living, not for speculation", to strengthening debt risk control over real estate developers, to the implementation of measures such as optimizing the land supply structure, all of these reflect the government's efforts to balance the healthy development of the real estate market and controlling house price increases.
These measures have, to a certain extent, curbed speculative housing demand and promoted the stable and healthy development of the real estate market.
Looking ahead, the trend of the real estate market will rely more on macroeconomic stability and the growth of residents' income.
With the continued recovery of the domestic economy and the further enhancement of residents' consumption capacity, the real estate market is expected to maintain a stable development trend.
But at the same time, we should also be aware that the development of the real estate market can no longer rely on the past high-speed growth model, and transformation and upgrading, quality improvement and efficiency enhancement have become the keywords for the development of the industry.
Against this backdrop, both investors and ordinary home buyers need to have a clearer and more rational understanding of the market.
For investors, when choosing investment properties, they need to carefully consider the location, quality and future appreciation potential; for those who plan to buy a house, they should pay more attention to their actual needs and financial affordability, and avoid excessive debt.
The decline in the average house price to income ratio in 35 large and medium-sized cities is not only the result of the market's own adjustments, but also the product of the combined effect of national policy orientation and economic development.
It shows us that the Chinese real estate market is entering a more rational and stable stage of development.
We have reasons to be optimistic about the future, but we also need to remain cautious and look at every change in the real estate market with a rational eye.