The price of a real estate project in Wuhan dropped by RMB 300,000 overnight. Many owners were detained for defending their rights. What was the reason for the price reduction?

The main reason for the price reduction is that the local real estate market is not good.

While the real estate market is declining, because real estate developers themselves are under huge debt pressure, in order to further withdraw funds, many real estate developers will choose to sell at reduced prices to obtain cash flow. At the same time, for those buyers who bought a house before this, many people naturally do not want to see the price of real estate falling, so they make impulsive actions that disrupt public order.

1. What happened to this incident?

This is news that happened in Wuhan, because the price of a real estate project in Wuhan dropped by 20 to 30 yuan within a month. This also caused serious dissatisfaction among many real estate buyers. Banners were put up at the entrance of the building to express protest. At the same time, because the behavior of these owners has seriously disrupted public order, some rights defenders have been sentenced to administrative detention.

2. The reason for price reduction is to further promote sales.

The reason why the properties in this community are sold at reduced prices is simply because many local people have stopped buying houses, which can further lead to great financial pressure on the properties. In order to further help companies withdraw funds, the developer of this property chose to continuously reduce prices in just a few months, even from the previous 15,000 per square meter to 11,000 per square meter.

3. The phenomenon of real estate price reduction exists objectively.

I read this news online. Although the home buyers said that the price of the property was reduced illegally, the local management committee said that this was within the normal price reduction range, which means that the community developer did not go too far. price reduction move. To a certain extent, since these home buyers have already bought the house in advance, buying the house itself is an act of self-finance and loss. These owners have no reason to make unreasonable troubles when the price of the house drops. After all, they will not do so when the house price rises.