30 minutes to beijing city center, right next to beijing city center, low-cost anya “beijing” these words are well known to those who have bought houses in the yan suburbs or who are prepared to buy houses in the yan suburbs. It is also because of these advantages among developers and property intermediaries that the adjoining adiposes of yan, which are located across the river from tunzhou, attract a crowd of “floating north” buyers to take root。
After all, however, since yan suburbs are not beijing, the needs of the “north drifters” cannot sustain large stock markets. In recent days, there have been reports of attempts to relax home purchases to stimulate the market by reducing the down payment rate for first homes to 20 per cent and the down payment rate for second units to 30 per cent. Prior to this, the rates of first-rate home purchase in yan suburbs were 30 per cent and 50 per cent respectively。
The times has learned from the local housing agency in yan that the door shop did receive a notice that the down payment rate had been reduced and that a number of housing agents had begun to “low down payment” as a tool to lobby clients to “board” as soon as possible. However, on 7 april, news was rebroadcast from the adjoining yan market that some banks had called off the down payment, and that housing agents had indicated to the times that the down payment might have to wait。
The back and back were asked about the down payment for yan, but the story of yan and the city of the circumpolar building continued。
It's drifted north of yan
Five years ago, yan's suburbs also erupted in the north china real estate market. At a time when housing prices rose in beijing, prices in thongzhou soared to $50,000 per square metre, at the peak of the city, in the town of yan, known as the “post garden of beijing”, the prices went up to the canton, with a unit price of less than $40,000 from 2015。
It was that year that cai zhiqiang (alias) made a terrible purchase of more than 73 square metres of housing in yan suburbs at a total cost of approximately $2. 68 million. Back then, cai zhiqiang thought he was a bit confused, "i didn't qualify for a house in beijing, but i wanted to buy a house in yan yu. When the price of a house in yan's suburbs went up every month, the agent and the building sales told me that i would never buy a house again, and i signed the contract as soon as i was impulsive.”
At the end of the following year, cai zhiqiang's first house was closed down, and although he was in yan's suburbs, there was a sense of pedal that had finally taken root in beijing. However, as the new house did not last long, cai zhiqiang regretted having made an impulsive decision to purchase the house because of excessive commuting time。
Cai zhiqiang's work place is in beijing, and it is impossible to predict the time when it will be at least an hour and a half before yin's arrival in beijing. At night, in order to avoid peak periods, cai zhiqiang always worked overtime on his own and left home after 9 p. M., often late at night。
Cai zhiqiang is not the main reason why he regrets buying a house in yan. He had no idea that, in 2017, when the town of the yan suburbs was in flames, after only three or four years, the situation had been completely reversed and housing prices had fallen. Last year, cai zhiqiang's neighbour had put up a second-hand room of 73 square metres, and the offer had fallen to $1. 5 million。
“i have a feeling of being deceived by the fact that the prices of houses in yan's suburbs have been falling. The listing price of $1. 5 million can be described as a blood deficit, and, for me, there are $1. 2 million in outstanding loans plus interest. Moreover, very few people come to the house after it's been in place for almost a year and have not sold it yet.”
Especially after the 2020 outbreak, cai zhiqiang has become more aware of the inconvenience in the outskirts of yan. Owing to the volatility of the epidemic, access to the country has been limited and affected. Recently, cai zhiqiang saw a screenshot in his friends ' circle, and his company officially issued a notice that it would suspend the recruitment of people living in yan's suburbs due to the adverse effects of the epidemic, which caused him great anxiety。
Cai zhiqiang wants to sell his house in yan's suburbs and buy a house in beijing, but every time he opens up a real estate trading software, he sees a cut in his waist or even a lower listing price, he simply wants to keep quiet. Today, referring to the experience of buying a house, cai zhiqiang's speech was full of frustration and frustration, and he said, “i am trapped”。
The housing company's pedestrian tunnel
In the view of some industry, the “down payment” in the yan suburbs is a sign that the city of the rim building has managed to relax the collective “savage”。
The starting point for this round of major adjustments in the city of circum-king can be traced back to mid-2017. In june 2017, full-scale procurement restrictions were launched in the three northern counties, after which the city quickly moved down. By the beginning of 2018, the prices of a number of new and second-hand houses in the city of the circumpolar building had fallen by half compared to the high point in 2017。
For the next few years, the city has been in a state of depression. According to statistics from the croatian institute of estates, over the course of the past year, the circum-king metropolitan area supplied 901 million square metres of new commercial housing, representing a decrease of 18. 5 per cent over the same period and 8. 28 million square metres over the same period, representing a decrease of 13. 9 per cent over the same period, or an average of 10,536 yuan/m2 over the same period。
Such a market environment doubles the pressure on housing firms in it. According to kia, since the upgrading of regulation in 2017, the city has been under considerable downward pressure in terms of sales, money, regulation, etc。
From the performance of some of the circum-king city enterprises, the impact of the circum-king city's blight can be seen。
For example, in 2021, with a similar increase of 69. 24 per cent, the performance forecast for the proud development of kyoto as its capital was announced. Promising developments in the bulletin state that the sharp decline in profits is due to the effects of sustained regulation of industrial policies, impairment of assets and the new coronary epidemic。
In addition to the flourishing development, vanco also “stamped” the city around kyoto. In 2020, vanco included in its annual report an inventory impairment provision for items at risk, totalling $4. 18 billion. Of these, seven are in the northern region, and three are located in the city of hokkai, with a total price of nearly $2 billion。
In 2021, vanco again prepared for the impairment of inventory. The chairman of the vanco board of directors spoke frankly at the performance session, saying that the problem of fragmentation resulting from the manko management approach was mainly reflected in the fragmentation of project manoeuvring capacity and the poor investment of a few projects. Citing the circum-king market as a case in point, he said that, having previously judged that the circum-kyom region market had been in its final stages in 2018 and 2019 after a more substantial adjustment, an asset package had been purchased, and that the market had subsequently declined even more sharply, with a reduction of $2. 5 billion。
In beijing, the director of housing marketing told the times that the northern city has not been ideal in recent years, that even beijing has been in a stable state, that there has rarely been a major drop, that the investment logic in the city is tied to the beijing market, and that when the market is stable, the market’s premium space has been contained, which has caused a huge market shock。
“whether the buyer or the company, as long as it was at the height of a few years ago, it entered the city of the ring, most of which could not escape the fate of the `set'. In contrast to the fact that housing companies are still selectively located around the city, which is dominated by well-funded state and conglomerates, many private housing companies are significantly reducing the frequency of projects in the city.”
