GF Securities: The Impact Of Increasing Interest Rates On Real Estate Is Accumulating.

In December 25th,

In response to this, GF Securities released research report that in the context of excess liquidity, inflationary pressures and negative interest rates on savings deposits, even though there is some frustration, raising interest rates is an inevitable move for the central bank, and interest rate hikes will continue in 2011, and interest rate hikes have already been formed.

In view of the impact of this increase in interest rates on loan monthly payments, the impact of the two increase in interest rates and the reduction of interest rate preferences on the monthly supply is between 7%-8%, which is generally not very high, but the negative effects are still accumulating in 2%-3%.

Judging from the current situation of the property market, it has been performing well since the middle of November, and has maintained a general upward trend in price volume.

GF Securities monitored 22 cities data show that last week, 73% of the city's first hand market volume rose, overall volume rose 22%.

In the sub regional perspective, the Bohai rim region performed best, with a sharp rise of 29% in the month to the end of the week.

"The Yangtze River Delta, the Pearl River Delta and the Midwest" and other three regions have risen to varying degrees.

Judging from the paction situation in the past month, the volume of weekly turnover in the four major regions is close to the turnover in September, which is at a good level.

The price also ended for 2 consecutive weeks, and 70% of the urban housing prices rose.

In December 26th, Premier Wen Jiabao of the State Council on the radio of the Central People's broadcasting station in China broadcast a dialogue with the audience. Although the Frank real estate control measures are "not good enough to see now," they still expressed "confidence to let housing prices return to a reasonable price".

From this point of view, on the one hand, the central bank has stepped up the pace of raising interest rates and continued to tighten liquidity; on the other hand, the pressure of industry regulation policies is still tight.

Real estate market regulation is no sign of abating.