How will house prices change in the future? Is it suitable to buy a house this year?

Whether you have bought a house or not, people are very concerned about the price of the house, because people who have bought a house hope that their house will appreciate in value, and people who have not bought a house certainly hope that the price of the house will increase. It will be lower, which can also give you some hope of buying a house. However, in recent years, due to the impact of COVID-19 and natural disasters, people's economic income has also been reduced. So how will housing prices change in the future? And is this year suitable for buying a house?

How will housing prices change in the future?

In the next five years, the overall real estate market in China is expected to be flat. There will be fluctuations in first-tier cities every year. For example, real estate companies will be affected by price reductions and promotions due to the pressure of fund collection. House prices have fallen in recent years, but due to factors such as falling interest rates, prices will fluctuate to a certain extent, but overall there will be a slight increase year-on-year, with an increase of less than 3%, which can be regarded as a sideways trend.

1. Housing prices in first-tier cities are obviously on the high side, and the income-to-price ratio is too high, lacking real purchasing power support. However, due to limited land supply and the tilt of social public resources, there is still enough Demand maintains current price levels.

2. There will be great differentiation in second-tier cities. This is mainly due to the differentiation caused by large-scale population migration, and is also caused by changes in local policy orientations. After the rise in housing prices in the past decade, many second-tier cities have In fact, housing prices are no longer high. Against the backdrop of a slowdown in the birth population, there will be a war for talent in second-tier cities in the future.

Is it suitable to buy a house this year?

1. In the eyes of many people, house prices are too high and will fall back sooner or later. Expectations about the level of house prices also affect everyone's decision to buy a house. If you expect house prices to plummet in five years, you will obviously not buy a house in these five years; and if you expect house prices to rise sharply in five years, you will definitely buy a house as early as possible. Here, let’s talk about what stage China’s current housing prices are at.

2. Housing prices are always confusing because they lack a value scale. For example, mobile phones, computers, eggs, pork, etc., we almost all know the range within which the prices of these commodities will fluctuate. In some years, even if the price of meat and eggs increases, it will not deviate too far from the value, not to mention that the price will return to equilibrium after supply and demand stabilize. But commercial housing is different. It is a commodity, but its cost is very opaque, industry barriers are high, and the supply side is highly monopolistic.

How will house prices change in the future? Is this year suitable for buying a house? The relevant introduction has been given to you above, because the demand for buying a house is still relatively large now, so the price of houses will not be much different in the future. As for when is it suitable to buy a house, and whether it is suitable to buy a house this year, it should still be You should consider your financial situation and your need for a house.