Jones Lang LaSalle: the property market is not boiled two years of health

Jones Lang LaSalle believes that although the current property prices are higher than 97 years, but a number of factors are higher than the property market health, so I believe the next two years the property market will not burst pot, the second half of this year expected to rise 5%.

Jones Lang LaSalle Managing Director Zeng Huanping that property prices at a high level, many people worry that the property market will reproduce 97 years of collapse situation.

The second half of the property prices rose 5%

He said that the current average interest rate is only 2.25%, which is 11% lower than the 1997 peak of 11.25%. The current mortgage contribution is 47% of the private residential household income ratio, which is 100% higher than the 100% recorded in 1997. Moreover, when the property market speculation hot, a unit in the morning to buy, the afternoon may have to work out, but since the government launched in recent years, additional stamp duty and a series of hot strokes, the speculators have disappeared, the current market buyers, 9 into a home, enough to prove the property market health than that year.

According to the bank data, the current residential property prices higher than the property market in 1997, 76% higher than the first five months of this year, small and medium-sized residential and luxury property prices have increased by 9.1% and 7.5%, Zeng Huanping that temporarily The property market will not have a burst of pots in two years, and it is believed that it will continue to rise. However, the increase will slow down in the second half of the year, which will require “shaking” and about 5% in the second half of the year.

Liu Zhenjiang, an international director and director of valuation and consultancy at Jones Lang LaSalle, said the government had tightened its borrowers earlier, saying that there was little impact on local large developers with low borrowing ratios, but small and medium-sized developers Adequate, purchase is intended to be reduced.