Core Viewpoint - The real estate market in China is undergoing significant changes, with a shift from investment-driven demand to a focus on housing as a necessity, leading to potential devaluation of properties in certain cities [5][6][10]. Group 1: Market Dynamics - The housing market, once characterized by continuous price increases, is now facing a downturn, with investors exiting and properties returning to their primary function as residences [5][6]. - Urbanization trends show a significant migration of populations from smaller cities to larger ones, resulting in decreased housing demand and oversupply in smaller cities [7][10]. - The People's Bank of China reports a high urban household homeownership rate of 96%, with an average of 1.5 homes per household, indicating a substantial portion of properties were purchased for investment purposes [5]. Group 2: Risk Factors for Specific Cities - Cities experiencing significant population loss are at the highest risk of property devaluation, as demand diminishes and supply exceeds needs [7][10]. - Cities with previously inflated property prices, driven by speculative investments, are now seeing a retreat of investors, leading to a necessary correction in housing prices [10]. - Resource-dependent cities face economic challenges as resource depletion leads to job losses and population outflow, resulting in increased vacancy rates and declining property values [10][12]. Group 3: Recommendations - Buyers are advised to approach property purchases with caution and avoid following market trends blindly [12]. - City managers are urged to seek new economic growth opportunities to retain talent and revitalize urban areas [12].
未来10年,这三类城市的住宅或将无人问津,有你所在的城市吗
Sou Hu Cai Jing·2025-12-04 16:10