Luoyang housing price trend news in 2020

Luoyang’s 2020 house price trend news

Luoyang’s 2020 house price trend is a matter of concern to many people living in Luoyang. Whether you have bought a house or not yet, the house price It’s definitely a question you can’t avoid, so let’s take a look at Luoyang’s housing price trends in 2020.

Luoyang City, a prefecture-level city under the jurisdiction of Henan Province, is named after its location on the Luohe River. In the 2018 Chinese city classification, Luoyang City was classified as a third-tier city. In the past two years, the average housing price in Luoyang has soared from more than 5,000 yuan to more than 10,000 yuan. Luoyang housing prices are likely to continue to rise in 2020. The main reasons for the rise are as follows:

1. Construction of the subway

On June 28, 2017, the entire Luoyang Metro Line 1 project The official start of construction "As soon as the subway rings, there will be thousands of gold" is not just a saying, it also has a positive impact on the real estate market.

2. The rapid development of Luoyang's economy

House prices are closely related to the economy. When the economy is booming, housing prices will rise, and when the economy is declining, housing prices will fall. This is a mutually reinforcing relationship. Luoyang is one of the key industrial cities in the five-year plan of the Communist Party of China and the country.

3. Shantytown renovation

Shantytown renovation also promotes urban development and promotes consumption. Monetary compensation for shantytown reform has released a large amount of demand for home purchases, and those who choose property rights replacement will also have to invest accordingly.