it is said that Beihai is suitable for living and elderly care, because the climate and air there are particularly good, which is called the 'oxygen city'. Under this background, Beihai, an unknown city, quietly tops the list of new houses. Will house prices rise in Beihai? Will Beihai houses appreciate in the long run? Let's have a look.
In the context of the cold national property market, Beihai property market rose against the trend. In just a few months, the destocking cycle of Beihai property market decreased from 32 months of serious inventory to a reasonable range of 5 months. In July, the price of newly-built commercial housing in Beihai ranked first in China, and ranked second in China in May and June.
As for the reason why Beihai house prices rose the first in China this time, the author believes that good urban air and relatively low house prices are the main factors driving the rise. You know, for Beihai, economic development factors have never been the main driving force to promote Beihai real estate, and the urban environment is the attraction of Beihai real estate market. However, this year one of the reasons why one of the "one belt, one road" policy in Beihai is coming is also one of the reasons for the rise of Beihai's housing prices.
However, this does not mean that house prices in Beihai have a long-term basis for rising, because the basis of house prices everywhere is population. Only the increase of population can really promote the rise of house prices for a long time. However, the current problem in Beihai, or in most of the third and fourth tier cities in China, is that the number of permanent residents is far from enough, and house prices lack the basis for long-term rise. Moreover, the most important thing is that the current inventory cycle of the property market in Beihai has been reduced to a reasonable range of less than 6 months, which means that the government's goal of destocking has been achieved. Next, Beihai will usher in a strict purchase restriction policy to curb house prices.
Therefore, according to the current situation, Beihai house prices have a great callback risk. Moreover, regardless of Beihai or other third and fourth tier cities, the author has always believed that third and fourth tier cities are the traps of real estate speculators and developers. Because no matter what the house prices in the third and fourth tier cities rise to, you will find that no matter how many houses rise, they can't be sold at all. Therefore, the author suggests that you should not blindly purchase real estate in Beihai or other third and fourth tier cities unless you are really just in need.