Fu Linghui, spokesperson of the National Bureau of Statistics of China and director of the National Economic Comprehensive Statistics Department, said at the press conference of the State Council Information Office on the 17th that in the medium and long term, China's real estate market is shifting from the past high-speed development to stable development. .
According to data released by the National Bureau of Statistics of China on the 17th, in the first half of the year, major indicators such as real estate market sales, development investment, and funds in place for real estate development companies all improved compared with last year. In the first half of the year, China's real estate development investment fell by 7.9% year-on-year; the sales area of commercial housing fell by 5.3% year-on-year, and sales increased by 1.1%; the funds in place for real estate development companies this year fell by 9.8% year-on-year. Compared with the whole year of last year, the above-mentioned indicators showed changes such as narrowing the decline or turning from decline to rise.
Fu Linghui said that in the first quarter, the backlog of demand for home purchases was released in a concentrated manner, which led to an improvement in the real estate market. In the second quarter, the real estate market gradually returned to normal operation. In the first half of the year, China's real estate market generally stabilized.
Fu Linghui said that as the economy recovers and the policies to promote the healthy development of real estate take effect, the real estate market will gradually stabilize.
From the perspective of the demand side, under the influence of the policy of "housing to live in, not speculation", the speculative housing demand has been gradually suppressed, and the rigid and improved rational housing demand has been released in an orderly manner, which will continue to drive the development of real estate.
From the perspective of the supply side, the business model of "high leverage, high debt, and high turnover" of some real estate companies is unsustainable, and the supply of the real estate market is undergoing phased adjustments. With the gradual adjustment in place, the market supply will gradually stabilize. From a mid- to long-term perspective, China's real estate market is shifting from rapid development to steady development, which is determined by the changes in the development stages of the real estate market and the adjustment of market supply and demand.
He pointed out that in the next stage, we must adhere to the positioning of "housing is for living in, not for speculation", accelerate the establishment of a housing system with multi-subject supply, multi-channel guarantee, and both rental and purchase, so as to implement a stable and healthy development of the real estate market The long-term mechanism will continue to support rigid and improved housing needs, standardize the development of the housing rental market, promote the smooth operation of the real estate market, and ensure the needs of people's livelihood.
Regarding real estate investment, Fu Linghui said that the area of newly started real estate construction is still declining, the area of completed construction is increasing, and the area under construction is overall declining. In the future, real estate investment will continue to operate at a low level. However, as the adjustment of the real estate market is gradually in place, real estate investment will gradually return to a reasonable level.
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