All the signs are that, the real estate industry has been the worst of times in the past. On the one hand, in policy in the red line, many governments fine-tuning policy support to purchase and was just allowed, and for hedge economic growth down, real estate continues to tighten policy of possibility is extremely low; On the other hand, developers will speed up the turnover of receivables for increased sales efforts, to inventory the obvious signs, thus promote sales revenue growth. Whether the national real estate leading layout, or two, three city area strong, just need in the future trend of germination and fine-tuning, are all expected to have the release of performance.
Reporter ZhaoYiHui ○ edit all ⊙ zeyuan
Policy support to clinch a deal just market buoyancy
On 31 May, hand to real estate LiPin, cathay Pacific researcher in the 2012 mid-term investment strategy seminar made clear, "long time no see more than two years of real estate feast has just begun, we can say that this feast in the first half, the second half of the fan is still not up abalone."
LiPin valued real estate in the second half, the main reason is that policy and fundamental gradually by contradiction to consistent state. Economic pressures continue to increase, the investment rate of decline, local fiscal pressures, and house prices small revaluation of the state, reduce the pressure of the policy, let the second half continue to fixed situation can continue, so as to constantly caught behind the whole basic upward.
In fact, in all open policy "cut" has let property market initially revealed the vitality.
Since may enter, the real estate industry sales data further present positive trend. From the room index on May 21 to 27 data shows a week, clinch a deal the upward trend continues, more than six weeks into city property market clinch a deal are compared to the area have increased, 40 cities in 25 cities rise compared, and 10 cities grew more than 50% year-on-year. And according to ubs data, on May 4 weeks before the observation of the 38 cities are more 4 weeks clinch a deal a cycle of rose 18% y/y, 4 of a city, 18 second city and 16 three or four city weeks are respectively increased annulus comparing to clinch a deal, in prices are expected to stabilise market environment, ubs says may all month volume tumbled obvious annulus already in place.
Although industry core annual control policy last relax, but the consensus view is that the policy to support just fine-tuning will be last release, such as the property market adjustment and control policies such as common housing in standard, tax concessions that buy a house, the subsidies, etc, become loose, have keep pressure is the key to clinch a deal stimulation sustained progress. Especially on the expected fine-tuning will persist. "The launch of the local government policy, the main stimulus to see type is just need to part. For enterprise that, although as soon as possible in order to support development of receivables, there are certain to change the price of, but not very large range, market price, on the whole, should be more stable." The real estate industry analysts following securities ZhengMin steel to reporters.
The policy of the expected to almost the same point of view. "Report all that buy a house, the fine-tuning the current economic downside hedge is the optimal tool, consolidate the property regulation results important means. On the one hand that buy a house, the policy fine-tuning will effectively contribute to developers to inventory, increase it purchase and increase start new strength. And from a consolidate control results look, only development business increase investment to be effective next year to avoid possible in short supply situation, thus make the housing price control within a certain range. Another plane, April economic data down than expected, the government is the short term investment through project start hedge economic downside risk, future economic growth to some extent also see real estate drive degree. Therefore, the real estate fine-tuning persists, will need to promote effective just release.
Cathay Pacific airways is expected to hand LiPin families, policy would narrow range, parts of the city unreasonable fixed number of year will shorten; Credit policy from limited to see, first suite down and interest rates are likely to fine-tune, including decreased over the possible.
To change the price of high speed up sales to stock room
For real estate company, it's future is a process of change to inventory. In just need to stimulating, quick, layout of the leading and three, four lines of mature regional leading city, will be in this round of real estate for the release of the inversion results.
In fact, although policy around appear, become loose, but real estate enterprise's capital chain tension, start slow and high inventory is self-evident. Especially a quarterly data shows that show, room of stock of enterprises than almost no end down space, but there are up sharply. Wind data showed that in 2012, the real estate development company in the first quarter of inventory adds up to 1.3 trillion yuan, up 34% year-on-year.
Data showed that, despite the many listed companies in this year reduced the new commenced area and investment plan, but from the development cycle, the shrinking of the supply side need to reflect. "The real estate company construction area and maintain high, the future or to have larger stock levels need to digest." ZhengMin steel says. In the process, just need to ZhongDiDuan products will be good to inventory the performance. "Bullish on national and regional tap tap performance." He added, three, four lines of the city ZhongDiDuan products mainly for just need, investors in accordance with the "high turnover and ZhongDiDuan products," the "tallest one low" the right idea industry company for attention.
And, of course, to the inventory is on the one hand, real estate companies rely on deposit for this year's performance was able to provide security. From 2011 years to see, the listed real estate enterprise accumulative total deposit nearly 430 billion, also in nearly four years since the highest level, and in 2011 the overall annual revenue is 447.8 billion yuan, performance lock degree is higher. However, but it is worth noting that, deposit year-on-year growth falling accounts phases, or indirectly reflect industry sales really under pressure.
Cathay Pacific airways is expected to hand LiPin families, the future with local loose policy, industry present price volume recovery, but will still be "walk quantity does not go" price, quick turnover, high supply leading will significantly benefit.
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