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Kong Lingang, deputy director of the Institute of Economics at the Anhui Academy of Social Sciences, believes that the continued execution of the purchase restriction order is totally unexpected. He said, â€œIn 2011, more than 40 cities across the country implemented the purchase restriction policy. Before that, nearly 20 cities have already expressed their position and the central government has stated that it will remain firm and unshakeable in terms of policy control. Hefeiâ€™s position of continuing execution is also expected. in."
According to the market situation in 2011, Kong Linggang believes that the effect of the Hefei version of the purchase restriction order has begun to appear, but â€œit remains to be seenâ€.
"Continued implementation of the Hefei restriction order also shows that the overall real estate market will not be loosened. This will have a greater psychological impact on buyers and developers than on their actual role. In 2012, the real estate industry will usher in a deeper adjustment, and the property turning point will be After the Spring Festival, March-April, there will be a decline in house prices in Hefei."
At the same time, Kong Linggang also stated that Hefeiâ€™s housing prices will not fall too much. â€œAccording to the conditions of urban development, compared with other cities, especially Beijing, Shanghai and other first-tier cities, Hefeiâ€™s housing prices have not reached particularly high levels. Although it will fall, it will not drop too much."
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