What changes have taken place in China's real estate industry since the financial crisis in 2008?

1, house prices skyrocketed (relatively stable before), and the overall house price increase in the country was about 1 times. The main reason is that the post-80s family planning policy allows a second child (baby boom), resulting in a large number of post-80s people. In addition, the urbanization of China is accelerating, and the rigid demand is expanding.

Secondly, it is the real estate with capital flow. After the stock market became a hero in 2007, a large amount of funds flowed into real estate, and some foreign hot money flowed into China to avoid the economic crisis, which led to overheating of real estate.

2. Real estate price polarization. House prices in megacities such as Beijing and Shanghai have risen rapidly. From 2008 to 10, the house prices in the fourth ring road all increased by about three times, a bit like Japan in 1989.

3. The scale of the whole real estate industry gradually slows down after rising, which is also caused by the influence of macro-control. China's real estate industry can't be so hot all the time, so it will go wrong.

Some of my own views