CETV-1: Professor Xue Yi explains the real estate war "epidemic"
(Source: China Educational Television "e Vision" 2020-03-11)
w88 casino News Network (Reporter Wang Zheng)March 11,Professor Xue Yi, Vice Dean of the w88 casino of International Economics and w88, w88 casino,Accepted an exclusive online interview with the "e Vision" column of China Education Television on issues such as the overall trend of the real estate industry after the epidemic.
When asked, "What impact will a series of nationwide control measures have on the future of the real estate industry?" Xue Yi said that if houses are not speculated, this tone will definitely not change. He said that as the host said before, the current (epidemic) impact on sales volume and sales is very large, so since January, real estate sales across the country have fallen sharply, with a decline of about 400 billion. In this case, it is very necessary and very timely to introduce various loose policies or so-called supportive policies. Xue Yi also said that the main purpose of these policies is not to guide the expected increase in housing prices, but to alleviate the serious lack of liquidity of current real estate companies and avoid unnecessary selling due to rupture of their cash flow, thereby reducing the overall operating risks of our country's economy and maintaining social stability. It is observed that these current policies have played a positive role in stabilizing the expectations of all parties, but the impact of these policies on the market in the medium and long term may require further observation.
Xue Yi believes that after this epidemic, the real estate industry will enter a stage of "adjusting structure and improving quality." First of all, for housing in first- and second-tier cities, the overall demand will not have a great impact, and may even increase. Residents may pay more attention to the quality of living. Secondly, commercial real estate will be reshuffled, and community business districts may usher in growth opportunities. Xue Yi does not believe that housing prices will rise. In fact, based on historical experience, he will not have much impact on the rise in housing prices after SARS.
When asked "What is your judgment on the overall market trend?", Xue Yi gave his own opinion. Xue Yi said that he personally believes that although (the entire market) is currently in a price reduction stage, it will have little impact on overall demand. However, it is also possible that commercial real estate will be under greater pressure in the future and will face a reshuffle.
Original video link attached:
http://www.centv.cn/esj
