Big City Property Market

Since the 21st century, the history of China's real estate development has been almost half of the history of economic development. In the process of urbanization and modernization, the impact of real estate cannot be ignored. However, with the rapid development of the real estate industry, the industry characteristics of high leverage and over-investment have also caused a series of problems: high housing prices, high debt of local governments and individuals, uneven regional development, etc. In 2021, the real estate industry will usher in a "tide of consolidation". The market will reach an inflection point, the downward pressure on the property market will be great, and some large real estate developers will default on their debts. Why do real estate companies fall into debt crisis? In 2023, the government will launch new real estate policies to promote high-quality development of the real estate industry. How will the real estate market evolve in the future? How to proceed with urbanization? This book aims to explore and answer these questions through multiple perspectives of history, reality and theory.