Will second home prices fall in 2023?

In 2023, the secondary homeprices will generally show a "steady decline" trend.

There are 4 main reasons for this:

1. The trend of real estate adjustment has been formed, and it is impossible to reverse it.

2, the just demand for homeownership around the world is becoming less and less.

3, affected by the recurring epidemic, the demand for improved home purchases has also given up the need to buy a home.

4, around the world is speeding up the launch of housing construction, the future will be a large number of low-cost housing, *** have property rights to enter the market.

Since the second half of last year, domestic housing prices have been in a trend of adjustment, and more and more city prices to join the ranks of the falling.

Information shows that in October, in 70 large and medium-sized cities, the sales prices of newly built and second-hand residential properties fell in 58 and 62 cities, respectively, an increase of 4 and 1 respectively from September. It is worth mentioning that home prices in first-tier cities have also begun to change from up to down. The data showed that new home prices in first-tier cities fell 0.1 percent in October from a year earlier, while second-hand home prices fell 0.3 percent.

In order to reverse the continuing downtrend of the real estate market. Since the beginning of this year, various places have relaxed the regulation of the real estate market, in addition to the liberalization of the sale and purchase restriction policy, but also reduced the down payment ratio and mortgage interest rates. What's more, many places have also given home buyers subsidies to buy houses, as well as liberalized the amount of provident fund loans to buy houses.

At the same time, the developer in order to attract people to buy a house, better back to the capital, but also have to choose to buy a house to send decoration, buy a house to send parking space and other promotional means. However, the results achieved are not ideal, the domestic real estate market remains sluggish.