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The "price reduction trend" in Guangzhou's real estate market has spread to Yuexiu District, and the "Qiandiwang" project is selling at a 70% discount

The wave of price reductions in the Guangzhou real estate market ultimately affected Yuexiu District. "A first-hand real estate development in Yuexiu District has recently launched a special offer unit starting with '8'. Are you considering it?" Senior intermediary agent Chen Qian (pseudonym) has recently frequently sent such messages to clients. She said that the prices of several properties in Yuexiu District have been maintained at over 100000 yuan/square meter, but recently they have introduced fixed price units. Coupled with the impact of the new policies in the real estate market, the number of property viewing customers in Yuexiu District has significantly increased. 30% off the price of the "Qiandiwang" project "The earliest price reduction was in Gongyuanqian Junxi Mansion, which was previously sold at prices starting with the letter '6'. Although it was mostly for lower level units, this price has returned to the level of seven or eigh...

Is the global housing price index generally rising, and will the real estate boom make a comeback?

According to data from the research firm Absolute Strategy Research, in April, the global housing price index generally rose, with US housing prices rising 6.5% year-on-year, Australian housing prices rising 5%, and Portuguese housing prices soaring. In other countries, despite years of high interest rates, the market performance has surprisingly strong. Overall, the real estate markets in the United States, Australia, and some parts of Europe seem to have shaken off the impact of rising interest rates. The Oxford Economic Research Institute found in a recent report that the real estate market of developed economies seemed to have relatively safely avoided the last foam deflation. The prices in all major housing markets are higher than before the pandemic. Kashif Ansari, co-founder and CEO of Juwai IQI Group, a global real estate technology company headquartered in Kuala Lumpur, told First Financial reporters that in April, US housing prices rose 6.5% year-on-year. Despite high interes...

If it were you, would you do the same if the whole house was tiled on the wall?

In recent years, I have seen many examples of ceramic tiles on walls, and this kind of decoration that has always existed seems to have a trend of becoming popular again. Well, recently I saw an old man from Xiamen showing off his new house, which was made entirely of ceramic tiles on the walls. However, his friends around him had mixed reviews. Some people say that making the walls of the entire house clean, tidy, and upscale, it is also convenient to wipe and clean on weekdays. When it comes to returning to the south, there is no fear of the walls getting damp and moldy. Some people also say that ceramic tiles on the walls of the entire house are too expensive and the style is too cold and monotonous, making it difficult to determine whether to do tile on wall decoration. Living room tiles with spotlights Not to mention anything else, I find it a bit difficult to accept in the living room. After all, I have made a circle of spotlights and hung them, and after the tiles are pasted on ...

From 140000 yuan/square meter to about 40000 yuan/square meter

School district housing in Shenzhen has also started to cool down since the end of 2021, especially after the implementation of university districts and adjustment of urban renewal policies, there has been a significant decline in housing in old and dilapidated primary school districts. Futian and Luohu are gathering places for prestigious old schools in Shenzhen, and Futian is also the area with the highest transaction volume of housing in Shenzhen's school district in 2023. However, according to data from the Leyoujia Research Center, as of the end of 2023, the prices of real estate in key school districts in Shenzhen have all dropped by more than 20% compared to the highest period in 2021, and overall have returned to the level of 2019-2020. The Bagualing Dormitory was built in 1983, mainly consisting of small units of about 30 square meters, initially primarily used as employee dormitories. Driven by the dual benefits of the expected renovation and the landing of prestigious sc...

Should you hold a house or cash in the future?

 Should we hold houses or cash in the future? I want to talk about this issue because my college classmates are discussing it in the group. Everyone is pessimistic about the future real estate market. The reasons are simple. First, the supply of houses is increasing; second, the population is decreasing. Third, the economy is not looking up at the moment. Our classmates all graduated in 2012 and entered the society. Basically, they bought houses between 2019 and 2020, and they all entered the market near the highest point of housing prices. Therefore, the real estate market has been going down in the past two years, and many people are suffering. Many classmates calculated that they have paid for the house for several years, and the mortgage has not decreased much. Moreover, if they sell the house now, the down payment they paid before will basically be lost. You should know that most of the classmates have worked hard for seven or eight years as a couple, and then scraped together...

I didn't expect the transaction data for new houses in Shanghai to be like this year

After the "527 New Policy", everyone is paying attention to market changes But most of the attention is focused on second-hand houses, for example, as of June 13th, a total of 10148 second-hand houses have been sold this month In fact, there have been many changes in the new housing market since the beginning of this year, and systematic analysis and organization have not been done yet So, at this moment, standing at the midpoint of the year I would like to help everyone sort out the data of new developments in Shanghai this year Through the data, I saw a few unexpected things—— Although the total transaction volume in the first five months of this year is not as high as the same period last year But with the concentrated entry of luxury residential properties into the market in March, the average transaction price has been significantly raised, driving the average transaction price in March to a new high since January 2023, and the average transaction prices in April and May...