To some extent, if we want to look at the overall real estate market, it is best not to pay too much attention to the real estate market in the north, Guangzhou and Shenzhen, but to the real estate market in other cities across the country. For Shanghai, even though the housing price in Shanghai is very expensive, many people still take buying a house in Shanghai as their goal, so the sales of many real estates in Shanghai are still very hot, and the real estate market in Shanghai does not represent the real situation of the whole country.
Some buildings in Shanghai are really hot.
When the real estate market in many cities has reached an inflection point, you will find that the real estate in many first-tier cities, including Shanghai, is very hot, and some people will take the initiative to choose to buy a house in the first-tier cities. For such cases, because the number of new buildings in Shanghai itself is relatively small, there are many people who are willing to buy new houses. After all, the people who can buy a house in Shanghai are basically groups with certain material accumulation, and the number of rich people in the country is indeed very large.
Shanghai's real estate market does not represent the real situation of the whole country.
Even though Shanghai's property market has formed a sharp contrast with other cities, it does not mean that Shanghai's real estate market can represent other cities, especially second-tier cities and third-tier cities, because these cities are basically at the turning point of the real estate market, and the whole real estate market will get worse and worse, so house prices in many cities will continue to fall. If a city itself does not have a core industry that can support the local real estate market, the market value of this place may fall by at least 20%.
Generally speaking, the real estate market in first-tier cities like Shanghai is really hot, but the elegant demeanor market in other cities in China is relatively cold.