If you are in Shanghai, should you buy a property? If it were an ordinary first-tier city, I would not even blink when I sell my house. But now it is Shanghai, which is too challenging for me to operate...

Because there is no traffic at all if the traffic number does not say that the property price has fallen, so there are news everywhere about a 30% drop or a 40% drop. The actual Shanghai market is almost

New houses along the river in the urban area are still very popular, and the sales rate within the outer ring is still acceptable, but the five new cities are worrying. The popularity of the urban area here is still based on a 10-20% increase in price compared to last year.

Most of the communities that are worth looking at for 1-5 years are still in a restricted sales state because they trigger points in 21-23 years. Community Jun has a new house purchased in 2020. When the house was delivered in 22 years, it was said that a house was sold for 15 million yuan, and then there was no other transaction. Now the owner group says that the current price is 1150-1200. There is still a profit of about 2 million yuan.

Houses that are 5-10 years old have dropped by about 10% from the original normal price, and 15% in some areas. (If we say the price is inflated, it may be 20%. The normal price here can be roughly understood as the price of a community of 300 households minus the three highest transaction prices. It turns out that the inflated price is really great. The so-called inflated price is defined as the (highest transaction price + lowest listing price/2) that hit a high in 21 years, which is almost equivalent to the price of $BTC that was shot up.)

The second-hand houses that have fallen the most are those that are more than 10 years old (20-30% drop). People who have made money in the cryptocurrency circle don’t even look down on such houses.

In a word, the prices of Shanghai houses that are worth looking at are not cheap now, and only those that are not worth looking at are still falling.

And now in terms of capital policy, the country has reduced the cost of capital to the lowest. So can Shanghai houses be rushed? The community is eager to move.