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Wenzhou property market crash: a year to sell more than five years

Time: 2013-11-21         Source: Rong 360 finishing         Author: Han Ping
        November 18 announced housing prices data show that in October 70 cities and cities in Wenzhou, only one city continued to decline year on year trend, Wenzhou property market for the first 26 months of decline, the price is almost cut it? Another in the purchase policy "fine-tuning", the Wenzhou real estate turnover doubled. Why is there such a situation?Melt 360That, on the one hand, Wenzhou housing prices were burst after the bubble subsided, on the one hand, Wenzhou, China and the new price adjustment market.

Before 2010, Wenzhou real estate market land supply has been the implementation of "hunger" policy, the annual real estate development investment land is less than 600 acres. But after 2010, Wenzhou, the number of land sales per year increased several times.

It is understood that by the end of September 2013, Wenzhou City, the new home stock of nearly one million square meters, in addition, there are more than 2 million square meters of the new disk is about to market. And the previous few years Wenzhou city commercial housing average annual sales data of 600,000 square meters, according to this data, to digest these stocks need about 60 months, the current year to sell more than five years.

However, according to the results of the investigation of the Wenzhou Banking Regulatory Bureau, the current "abandoned house" phenomenon is far from the media reported "million sets" of scale. As of the end of August, Wenzhou Bank has a total of 21.86 million units of mortgaged real estate, "abandoned" the actual total of 597 sets, "abandonment rate" less than 1%.

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