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New Deal test the property market inflation expectations
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CPI inflation has increased the expected rise, in this context, people are more optimistic about the real estate investment income. This is clearly contrary to market expectations of policy stability property control in mind. At the same time, accumulating in recent years can not be ignored liquidity pressure One side is a new high CPI, the increase of RMB loans was increasing trend year on year, while the chain is still up year on year house prices, inflation and liquidity pressure behavior, will undoubtedly become a crucial period of the challenges facing the property market regulation. State Statistical Bureau spokesman Sheng to Win has said that from October to see the real estate operation, 9 real estate began at the end of secondary regulation to bear fruit. Data show that, despite the Oct. 70 cities nationwide housing sales price rose 8.6%, chain rose 0.2%, or more than in September but were reduced by 0.5% and 0.3%, while real estate sales and sales chain are in decline, a decline of 11.2% and 7.7%. However, property market regulation and higher CPI faces the challenge of excess liquidity. Data show that in the October CPI up 4.4% year on year, driven, 1 to October CPI rose to 3.0% year on year, reaching about 3% proposed by the beginning of the "warning level." CPI inflation has increased the expected rise, in this context, people are more optimistic about the real estate investment income. This is clearly contrary to market expectations of policy stability property control in mind. Zhu, vice president of China Real Estate Association, one said: "At present, the CPI rose Chibidaigou of minority residents, which is likely to push up prices at any time a potential force, the Government must pay attention to a big problem. " At the same time, in recent years, the cumulative pressure of the formation of the liquid can not be ignored. The People's Bank of China data released on the 11th, in October China's new RMB loans amounted to 587.7 billion yuan, compared with September of the data, although a slight decrease of 595.5 billion yuan, but more than 334.7 billion yuan more than the increase over the same period last year. The international point of view, the Fed announced earlier this month the second round of quantitative easing monetary policy, leading to further dollar depreciation, further rise in international prices of staple products, China faces pressure of imported inflation and the increasing pressure of hot money inflows. To earn the appreciation of the yuan, rising house prices and other premium income of foreign capital, China's real estate market undoubtedly has considerable appeal. From the National Bureau of Statistics data, the national real estate companies increase use of foreign capital continued to increase from 1 to August rose 23.9% to 26.0% in the first three quarters, now 1 to 10 months of growth is increased to 43.3%. In fact, foreign capital could impact on China's real estate market, government authorities have been vigilant. Authority officials said: "foreign capital into China's real estate market, due to manner concealed, in the book's performance does not seem obvious. But by watching the anatomy of a typical case, there was indeed illegal credit funds into the real estate field."