The content of the above article only represents the author’s own opinion, and does not represent Sina’s point of view or position. japan property agency If you have any questions about the content, copyright or other issues of the work, please contact Sina at 30 days after the work is published. Affected by the “de-stocking” policy and the shed-reformed monetization policy, the proportion of transaction area in third- and fourth-tier cities rose to a historical high of 69.3% in August 2018, but then the market cooled and the monetary resettlement of the shed was tightened. japan property agency Yan Yuejin, research director of the Yiju Research Center, said that in 2018, the inventory of the whole year fell first and then increased, and the ratio of deposits to sales also had a similar trend. the trend of real estate residential stocks in the country showed a trend of “reduced in the first half of the year and increased in the second half”. In particular, the inventory size increased significantly in September, which was the first significant increase, and continued to grow from October to December. In horizontal comparison, japan property agency the ratio of deposits to sales in third- and fourth-tier cities in 2018 is more obvious. In general, the residential inventory of Baicheng continued to grow for 4 months, and the inventory trend was welcoming the turning point in four years. japan property agency At the end of 2018, it entered the upward channel. In December 2018, the newly approved pre-sale area of newly built commercial houses in 100 cities nationwide was 61.83 million square meters, an increase of 19.8%. japan property agency It shows that real estate enterprises have accelerated the entry of the project into the market, and the scale of the push in December has also reached the highest level in history. Looking back on 2018, the trend of real estate residential stocks in the country showed a trend of “reduced in the first half of the year and increased in the second half”. In the first half of the year, the sales market was still acceptable, and the effect of destocking was also worthy of recognition. japan property agency However, in the second half of the year, market transactions began to cool down, and the high inventory pressure of housing enterprises reappeared, forcing the relevant housing companies to actively cut prices. In 2019, with the continued development of the regulatory effect and the overdraft of purchasing power, it is expected that the overall property market in China will fall back and the market will return to rationality. According to the current transfer of land ownership, it is expected that the volume of the market will exceed 40,000 sets. The market inventory is sufficient, which is conducive to the stability of housing prices in a reasonable range.