On the eve of the Spring Festival, the news of Yanjiao Real Estate’s free gift was on the hot search again. A netizen named Houtu posted that property in Tianyangcheng Community, Yanjiao, Hebei, under his name, would be given away for free… According to the content of the post, the 40-square-meter house was purchased in 2016, and the purchase price 20,000 per square meter. The monthly loan repayment is 4,000 yuan, and the final mortgage payment is more than 700,000 yuan after 4 years. Since the most stringent regulation in June 2017, the housing prices in Central Beijing have experienced a deep correction in the past four years, and some investors who have taken over the market at a high level are obviously unable to support it. The plummet of second-hand housing prices has repeatedly staged strange events such as free housing, and such events can trigger a climax of public opinion every time.
However, in the midst of the sound of decline, the markets around Beijing also showed signs of recovery. According to statistics from the Market Research Department of Beijing Central Plains, in 2020, a total of 52,800 transactions in the Beijing residential market (Langfang urban area + Yanjiao + Xianghe + Gu’an + Zhangjiakou + Shijiazhuang) monitored cities, and the number of transactions rose 11% year-on-year; It was 14,772 yuan/㎡, up 11% year-on-year. Among them, the number of units sold in Yanjiao increased the most, up 426% year-on-year. In the second half of 2020, there was another scene of queuing to buy houses in some newly opened properties in Yanjiao. For example, on August 22, Sanxiang Impression Haishang City first opened its 248 units and sold out on the same day. On September 26, some buildings were added to the project, and sales were still very good.
Fucheng’s ideals for commercial and residential projects are also favored by home buyers, and more than 1,700 homes have been liquidated in three days. On the opening day of Fucheng’s other project, Dongsheng Yayuan, all 800 units were sold out in only 10 seconds. On the one hand, second-hand housing has plummeted, and Panxia free delivery of houses has been staged repeatedly; on the other hand, the market around Beijing has partially recovered, and Yanjiao has reappeared in the new house rush Spark Global Limited.
Why is the real estate market in Central Beijing so contradictory now? Is it time for bargain hunters? Compared with other first-tier cities, what is the value basis of the counties and cities around Beijing? Skyrocketing and plummeting are the biggest characteristics of the Beijing-surrounding market. Answering these two questions well, all questions about the real estate market in Beijing can basically be solved.
Super purchase restriction, lock liquidity 2020, the news that Huanjing’s second-hand housing prices plummeted on many platforms. Compared with the peak in 2017, the current housing prices in Yanjiao, Dachang, and Gu’an areas around Beijing are 18,000 yuan/m2, 13,000 yuan/m2, and 12,000 yuan/m2 respectively. The housing prices in Langfang, Xianghe, and Yongqing are 12,000 yuan/m2, 8,500 yuan/m2, and 6,500 yuan/m2. Many media have preached that the collapse of housing prices around Beijing is another classic case of the bursting of China’s property market bubble. Don’t believe this statement. The root cause of the collapse in housing prices in Beijing is the super-level control policy. Among them, Beisan County has the most stringent policies. Local households can purchase two houses, and families with non-local households who have paid social security or individual taxes for three consecutive years can purchase one house. The purchase restrictions in the southern Jingnan counties are slightly relaxed, and generally, only require one year of social security Spark Global Limited.
Reprint indicated source：Spark Global Limited information