Check Out Cases, Housing Prices High, Panic, Property Market Chaos

The subprime mortgage crisis in the United States has been around for a year but there is no lingering sound. Chinese housing companies that boast "pig strong" do not seem to be waiting for the real "PLA".

In the wake of the tide of check-out, lawyers have started to fight out the lawsuit against the buyers, and the housing companies have been badly battered. When the second-hand housing pactions are sluggish, the owners turn to the second place and put the house into the rental market. The lonely housing intermediary companies use this talk to comfort; the national property market is down, and there are exceptions. The three tier cities, such as Yichang, are still struggling.

All sorts of unease and changes have shrouded the jittery property market.

As of the end of 8, the vacant area has reached 130 million square meters of commercial housing, and now it seems to have fallen into a painful period of agitation.

The lawyer is busy checking out the case.

When queuing up to buy a house, it never occurred to me to queue up to check out.

As a lawyer at Kyoto law office in Beijing, Xu Xingguang is now entangled in a cumbersome "check out" lawsuit.

In 2007, the people's Congress that sought Xu Xingguang's lawsuit was due to the housing quality problem and the property right certificate, and the number was small, "one year is also the three or four."

But since 2008, things have changed.

In January 2008, a buyer of Beijing Chaoyang District (alias) and Bi Jian (alias) signed a set of 120 square meters, the total price of 1 million 800 thousand yuan of second-hand housing sales contracts, Anyang in advance paid 100 thousand yuan deposit.

But during the process of bank loans, the trend of house prices in the whole country is more obvious. In April, Anyang started to check out.

Coincidentally, Bi Jian, who gradually sniffed the bad smell of the property market, was in a state of anxiety. Secretly, he sold the house to another house buyer with a total price of 1 million 600 thousand yuan.

This is a case of Xu Xingguang's "check-out" lawsuit.

The crux of both disputes is the fear of falling house prices and losses.

But this is just a grain of sand in the tide of check-out.

According to the data of Beijing real estate paction management network, this year's real estate market in Beijing from 1 to April, the number of new housing sales on average was about 1000 sets. As of the morning of June 18th, 1439 real estate projects in Beijing have been checked out or refunded.

The real check-out tide is coming in August.

At the beginning of August, Wang Shi declared in Vanke Hongkong mid year report: "Vanke will not fight price war".

However, what the industry has not expected is that Vanke immediately took the lead in the market, playing a pre savings 10 thousand yuan to 100 thousand yuan, pre deposit 20 thousand yuan to 200 thousand yuan preferential activities, plus 1 yuan to the whole house refined decoration preferential purchase plan.

However, when Vanke copied the successful sales mode to the whole country, a massive return of the house was launched in all the large and medium-sized cities. By the end of August, including the famous developers such as Vanke, all of the flats had sprung up the collective request for check-out.

Compared to those who pull up the "still my blood and money" and other banners, big house businesses, sales centers everywhere, the rational buyers are busy with the evidence, and find lawyers to fight the lawsuit.

In September 18th, Luo Yong, a law firm in Chengdu, admitted to our reporter that the buyers who checked out of houses because of the housing price were "more than ever before."

"From the validity of the contract, this is the true meaning of the two sides. There is no coercion or fraud. Both sides of the contract should abide by it."

Xu Xingguang reminded.

When buying a contract, buyers should anticipate the fluctuation risk of housing prices, and try to terminate the contract with the developer's price reduction as the reason. It is difficult to get support for the refund of the house money in law, so it is easy to fall into the situation of "big thunder and little rain."

From Vanke's attitude change, we can see that "check out" is weak.

Vanke just met with the tide of housing withdrawal. He said he hoped to compromise and communicate with some of the owners.

But with the increasing number of people returning home, in September 12th, Vanke firmly declared that "no compensation and check-out requirements without legal or contractual basis" will be accepted.

Here, observers pointed out that the house is first used to live, and then it is a kind of investment object. In this sense, buyers can choose "long-term wait and see" or choose "long-term holding".

As a house buyer, at this moment, we should treat the market changes calmly, do not follow the wind blindly, but choose whether to buy houses according to their actual needs.

Housing prices in the three tier cities are far too high.

Who led the price reduction, in what form of price reduction has become the two property market.

Vanke is not alone anymore.

According to the national development and Reform Commission and the National Bureau of statistics, in August, in the sales price of housing in 70 large and medium-sized cities, Shenzhen led the country down by 4.1%.

Shanghai and Beijing, the two most proud cities, have begun to publicly lower their heads.

An analysis shows that in July, the average monthly price of Shanghai's new commercial residential units decreased by 24%.

At the beginning of September, there was a special discount house in Beijing, and the third round of Vanke's price cut began to start in Beijing in October.

However, the chaos is still falling down.

Because of the flow of funds and the pfer of concerns, the housing price of some three line cities has a depression effect, which is quite different from the local living standard.

According to the data of the National Bureau of statistics, Beihai, Jinhua, Urumqi, Sanya and Yichang are the fastest growing cities in this year.

According to the monthly survey of the national development and Reform Commission and the National Bureau of statistics, the sales prices of second-hand housing in August were larger than those of Lanzhou, Sanya and Yichang, which were 14%, 13.5% and 12.9% respectively. Hohhot, Lanzhou and Sanya were the cities with larger ring ratios, which were 3.7%, 2.4% and 1.9% respectively.

Yang Aiping, who works for the Yichang quality and Technology Supervision Bureau, is a mother of 1 and a half years old. At the moment, she worries not only the remaining milk powder, but also the real estate prices published in the newspaper.

She told our reporter that in 2006, the housing price in Yichang was about 2400 yuan / square meter, about 1600/ square meters in the development area, and in 2007 it rose to 3300 yuan and 2800 yuan respectively.

"The standard of living in Yichang is much lower than that in Wuhan, but some housing prices are almost the same as those in Wuhan."

Yang Aiping's and her husband's incomes add up to no more than 2500 yuan a month, except for rent and daily expenses, with less than 1000 yuan in deposits.

Take a real estate in the local development area as an example, the house of 2500 yuan / m2 will pay 95 thousand yuan down and the total price is 300 thousand yuan. Even if Yang Aiping and his wife live frugally, the number of years they need to buy a house is no less than 30 years.

Intermediary reluctantly embrace the rental market

In from September 16th to 21st, our reporter visited a second-hand housing agency near Guanzhuang, Chaoyang District, Beijing, at different times, and found no more than 2 customers to stay here.

In the second-hand housing market that has been overwintering, the restless house has found a breakthrough in the field of rental housing.

According to the data of Wuhan Shunchi home market research center, in the first half of this year, the volume of second-hand housing tenancy in Wuhan increased by 4 over the same period, and the proportion of leasing and trading volume changed from 1.2: 1 last year to 5: 1.

The continuous growth of Housing leasing is becoming the main industry supporting many second-hand housing intermediaries for the winter.

According to my love Market Research Center statistics, the overall performance of Beijing's residential rental market is active this year. The volume of pactions in the first half of this year increased by 17.1%, and the average price of the single rental housing amounted to 2478 yuan / month, an increase of 20.75% over the same period last year.

In August, the average rental price of single housing in Beijing reached 2751 yuan / month, an increase of 12.25% over the same period last year.

What is even more refreshing is that, according to media reports, some intermediary companies have to sell clothes and leather shoes and open small restaurants because of the cold court.

Renting in Beijing will be more expensive than it used to be and not cheap.

However, Wang Ye Tian Xiang Technology Co. Ltd. wants to tell our reporter that at present, rent is more cost-effective than buying. "Many young couples around me begin to choose to wait and see at the beginning of this year. Now there is no problem waiting for a while."

Some observers believe that this period is usually a good opportunity for the real estate intermediary market to shuffle, and some powerful professional intermediary companies just take advantage of this to seize the territory and expand their business.