There are hundreds of millions of houses in China and the vacancy rate is so high. What should we do?

According to the data previously published by relevant departments, the average urban household area in China has exceeded 1.20 square meters according to the calculation of a family of three. Surplus houses in some small cities may face price cuts. Those houses that can't be rented out, if they can't generate value, can only be vacant like a sea view room in a certain place, and the final price will drop again and again, and even become "cabbage price".

As for whether the housing prices in small towns will drop to the "cabbage price", many analysts believe that this statement may be exaggerated, but the real estate market in some small cities has indeed suffered a lot of pressure.

From the local market, some small cities with weak industrial base and weak population absorption capacity may have staged surplus.

Jaco told reporters that small cities outside the five major urban agglomerations will still face enormous pressure of de-industrialization, and will also face the situation of slow recovery of market confidence and continuous weakening of demand.

For many fourth-and fifth-tier cities, housing is no longer a staged surplus, but may face a long-term surplus problem. Due to the weak population appeal, it is difficult to maintain the original volume of the incremental market in the future. In addition, the proportion of families with more than two houses in the fourth and fifth tier cities is increasing, and the future demand is greatly reduced, while the land supply is still increasing, and this surplus situation may be aggravated. It is necessary for such cities to adjust their market supply reasonably according to population changes and industrial adjustment. "Jaco added.

Although the property market is depressed, the demand of first-tier and hot-spot second-tier cities is still very strong, which reflects the huge difference in the property market.

Considering the strong population absorption capacity of the five major urban agglomerations, the urban demand of these metropolitan areas with strong economic strength is still growing. The housing needs of these cities have not been fully met, and there is still a lot of room for development in the future.

While the market is talking about "there are 600 million houses in China", another worrying reason is that the area for sale of newly-built commercial houses in China reached a five-year high last year. Affected by factors such as uncertain market expectations, although the supply of new houses has shrunk significantly, poor demand led to a year-on-year decline in new house transactions last year, pushing up the overall area for sale. The inventory of the property market increased, and the market showed a trend of oversupply. The main reason is not the supply side, but the demand side is too weak. "Low demand has been going on for a long time. At present, the property market has not really come out of the downturn. On the one hand, the prices of plots taken by these cities last year are relatively low, and the supply formed by these projects this year may have certain advantages in price, which will attract property buyers to enter the market. On the other hand, due to the accelerated pace of market recovery, demand-side confidence will also be restored first.