How will falling house prices affect the property market?

Buying a house has always been a major event that everyone wants to do, but it is because the economy is getting better and better that the price increase is quite different. This is not someone who wants to say that house prices have gone up and down. If house prices fall, what impact will it have on the property market? The main impact is that developers are very painful, so there are still many impacts. Let's look down together!

First, bank lending will be affected to some extent.

First, if house prices really fall, it will definitely have an impact on bank mortgages. This accounts for a large proportion of real estate loans, so once house prices fall, banks will be greatly affected. In this case, bank loans will become more and more serious, which will also have a great impact on people who want to buy a house.

Second, there will be the phenomenon of uncompleted residential flats.

If house prices suddenly plummet, it will be a nightmare for developers. Especially those small and medium-sized housing enterprises, in order to reduce the losses caused by falling house prices, will not ask for bankruptcy and other acts, then there will be many unfinished houses. And if the owner happens to buy such a property, it is also very helpless. Although we have seen this phenomenon in many news, we still don't want it to happen often.

Third, many people are unemployed.

Then there is the most important point. Once the real estate industry is damaged to a certain extent, many people in real estate will lose their jobs, because a drop in house prices will lead to the successive closure of real estate, and people's unemployment will become very serious.

This does not look at the impact of falling house prices on the property market. Is it already felt? We can't estimate the impact of this house price drop, because doing so will make some buildings feel flustered, and then the economy will become more and more bleak, and the contradictions caused are still quite serious.