The risks of real estate enterprises are expected to gradually resolve. The National Bureau of Statistics: The market is in a stage of adjustment, starting work | policies | decline | demand | overall | adjustment | real estate | market
On the 15th, Fu Linghui, spokesperson for the National Bureau of Statistics of China and director of the Department of Comprehensive Statistics of the National Economy, responded to questions from reporters at the press conference of the State Council Information Office. He stated that the overall real estate market is currently in a stage of adjustment, and some real estate companies are facing certain difficulties in operation, especially some leading real estate companies have exposed debt risks, which has affected market expectations. However, it should be noted that these issues are phased in nature. With the gradual implementation of market adjustment mechanisms and the optimization of real estate market policies, the risks of real estate enterprises are expected to be gradually resolved.
The official data released on that day showed that from January to July, the national real estate development investment was 6771.7 billion yuan, a year-on-year decrease of 8.5%. Yan Yuejin, Research Director of E-House Research Institute, stated that the overall decline of this indicator is expanding. This is related to the weak scale of land supply in various regions and the poor financial situation of real estate companies.
Another reflection of supply side expectations, the newly constructed housing area, continues to weaken. Data shows that from January to July, the newly constructed housing area in China decreased by 24.5% year-on-year. Yan Yuejin pointed out that the new construction area of housing reflects the ability and potential of real estate companies to expand their investment side, and the decline in new construction area means that the real estate supply side is still weak.
From the demand side, from January to July, the sales area of commercial housing decreased by 6.5% year-on-year; The sales revenue of commercial housing reached 7045 billion yuan, a decrease of 1.5%. Market confidence is still insufficient, and the overall real estate market is in a stage of adjustment.
However, Yan Yuejin believes that there is room for continuous improvement on the sales side in the future. The reason is that the overall macroeconomic fundamentals are improving, some lagging demand in the second quarter will be released gradually in the third quarter, adjustments to housing policies in various regions are gradually coming, and the real estate market is also beginning to stabilize.
Fu Linghui also pointed out that recently, first tier cities in Beijing, Shanghai, Guangzhou, and Shenzhen have made intensive statements, expressing their willingness to support and better meet the demand for rigid and improved housing. Some second and third tier cities are also introducing new real estate regulation policies, and the adjustment and optimization of real estate policies in various regions will help boost market confidence. With the recovery of the economy and the increase in household income, the optimization policies of the real estate market have shown significant effectiveness, and the willingness of residents to consume housing and invest in real estate enterprises is expected to gradually improve.