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Does the election affect buying a house? More than half disagree.

Published: 2024-11-22 Author: mysheen
Last Updated: 2024/11/22, With the 7-in-1 election to be held at the end of the year, Fang Zhongye recently conducted a survey on home purchase intention in the first quarter of 2014, and respondents thought that the election topic had little impact. On the contrary, 53% of the respondents believed that the reduction in QE would lead to a decline in house prices. Xinyi House aims at netizens in mid-late December 2013.

Does the election affect buying a house? More than half disagree.

选举影响买房?逾半数不认同

The seven-in-one election will be held at the end of the year. The real estate industry recently conducted a survey on home purchase intention in the first quarter of 2014. The respondents thought that the election issue had little impact. On the contrary, 53% of the respondents believed that QE reduction would drive down house prices. Xinyi Housing conducted a survey on home purchase intentions for netizens in the first quarter of 2014 in mid-to-late December 2013, during which the Federal Reserve (Fed) just announced that quantitative easing (QE) would reduce the scale of bond purchases, and the Ministry of Finance proposed a bubble theory for the housing market in December, affecting people's views on the future housing market.

The survey asked whether the election of local leaders at the end of 2014 would affect the willingness to buy houses. Respondents considered that the election issue had little impact, with 52% of respondents saying "unclear or unable to judge", 21% saying they would buy before the election and 27% inclined to buy after the election.

As for the QE exit issue, 53% of respondents believe that house prices will fall, 32% believe that there will be no impact, and 15% believe that house prices will rise. As for the recent rise in livelihood prices, 48% of respondents have the idea of buying a house to fight inflation, while 43% have no idea of buying a house to fight inflation. Zeng Jingde, project manager of Xinyi Real Estate Enterprise Research Office, pointed out that the Ministry of Finance has recently rarely raised decibels to remind the problem of excessive housing prices, and even strongly expressed its views on housing prices in the form of "spent arrows" and "yellow ducklings". Coupled with the gradual reduction of QE policy, the overall market sentiment towards asset prices has shifted from neutral optimism to wait-and-see hesitation. Fortunately, global stock markets continue to rise and are optimistic about the overall economic outlook, but the current housing price level is already high. Future consolidation tends to be more likely.

Zeng Jingde said that the government's warning on housing prices may affect people's willingness to buy houses to wait and see, but from the survey data, respondents are not completely optimistic or bad, but mostly maintain a relatively neutral view of the housing market, it is expected that the development in 2014 should tend to stabilize, but also can be used as a forecast for the 329 housing market observation.

 
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