跌落神坛？杭州学区房价格大跳水，背后藏着什么秘密？

Core Viewpoint - The myth of "school district housing" in Hangzhou is fading, with significant price drops observed in previously sought-after properties, leading parents to question the value of such investments [1][5]. Market Dynamics - The price of school district properties, such as those in Wendingyuan, has seen a dramatic decline from peak prices, exemplified by a property that sold for 120,000 CNY per square meter in 2021, now experiencing a "cliff-like" drop [2]. - The overall second-hand housing market in Hangzhou is cooling, with a 2.61% month-on-month decrease in transactions recorded in July 2025, marking four consecutive months of decline [5]. Reasons for Decline in School District Housing Value - Poor Living Experience: Many core school district properties are over 30 years old, featuring outdated infrastructure and limited amenities, leading families to prioritize improved living conditions over school district advantages [7][9]. - Education Policy Changes: The implementation of policies aimed at educational equity, such as "multi-school zoning" and "lottery admissions," has weakened the direct correlation between school district properties and school admissions [10]. - Changing Parental Perspectives: Parents are increasingly recognizing that a child's development is influenced more by family education and resources than by the school district, prompting a shift in investment priorities [11]. - Investment Value Decline: The "6-year one household" policy restricts the resale of school district properties for educational purposes, diminishing their investment appeal [12][13]. - Declining Birth Rates: Hangzhou's birth rate has dropped to 6.7‰ in 2023, leading to reduced competition for educational resources and potentially diminishing the scarcity value of school district properties [14][15]. Conclusion - The decline in school district housing prices reflects a shift towards a more rational and balanced perspective on education and housing, encouraging families to reassess the value of tying educational opportunities to property investments [16].