The Difference Between The Performance Of The Stock Market And The Property Market Has Become A Hot Topic In The Industry.

Current funds are showing signs of shifting from the property market to the stock market.

Why did the property market become hot before, and why the stock market was short bear long when the GDP growth rate rose sharply? An important reason is that the credit is different.

In February 29th of this year, the Shanghai Composite Index closed at a minimum of 2687.98 points. After that, it moved upward and reached the key point of breaking through 3020 points in April 5th.

As of yesterday's close, the Shanghai stock index reported 3053.07 points, up 43.54 points, or 1.45%.

From the perspective of turnover, it seems that some sensitive funds have entered the stock market.

For the property market, the current period is tense. In March, it was considered the turning point of the peak of the mainland property market.

Shanghai property market is worried about real estate this month.

Under the influence of exit, the volume of commercial housing has reached a new high. The volume of commercial housing in Shanghai is 2 million 214 thousand square meters, a record high volume in the past ten years, rising 183.9% over the same period, the average price being 33065 yuan per square meter, up 18.3% over the same period.

It's hot in Beijing.

According to the statistics of Asian giants, Beijing's new houses totaled 9189 units in March (including commercial and residential dual-use, excluding housing and affordable housing), covering an area of 912 thousand and 400 square meters, up 206% and 178% respectively, up 163% or 137% over the same period.

In terms of price, the average price of new housing pactions in Beijing in March was 31967 yuan / square meter, down 2% compared to the same period, up 16% from the same period last year.

Second hand housing is a double rise in volume and price.

The difference between the performance of the stock market and the real estate market may be largely related to the difficulty of credit fraud in the two markets.

It is too easy for a stock market to be emptied, and a listed company increases its liabilities, issues additional shares, and throws N items.

With the lifting of the ban on the stock market eyeing the market, those who become the stars and dignitaries of the international richest are really difficult for ordinary investors to digest.

On the other hand, in

It's too easy to see the cards. It's so easy to change the rules. People like Xu Xiang are too easy to sit on.

Therefore, in such a market environment, even a company with credit can be crushed to death by bad money.

Nationwide, the volume of property pactions in March also hit a record high.

According to the monitoring data of the Institute of Yi Ju, the paction area of newly built commodity houses in 30 typical cities was 25 million 630 thousand square meters, the ring ratio increased by 133%, and the increase of 82.9% over the same period.

The Housing Research Institute ranked 30 cities' turnover in March. There were 29 cities with a ring growth rate, while Shenzhen fell slightly. The growth rate of Hangzhou's ring ratio was the highest in 30 cities, reaching 322.1%, followed by Tianjin, an increase of 260.7%.

Developers and developers have been delighted.

The buyers tried to catch the last bus.

It's like buying just before the deadline comes.

However, it is not expected that this year's market will be as hot as last year.

In addition, some of the well-known Hongkong rich developers gradually withdraw from the mainland real estate market, or reduce the development of real estate in the mainland, the securitization plan is temporarily suspended, the mainland real estate steady growth of the golden time in the past, the rest should be silver time.

However, the A share market has been almost inspired by policies, and the property market will be hit every two or three years. It is like a beloved child and an unseen child.

Arguably, the performance of the stock market and the housing market should also be different. But in contrast to the idea, the stock market is in a doldrums in most of the time except for a short period of good time. It even needs to implement electric shock therapy to suspend the IPO listing.

Although the property market has been repeatedly restricted, but prices have risen all the way.

Some people joke that only real estate agents have been saying that house prices have gone up without cheating on their feelings.

The property market also has a cycle, but it is the best collateral in the lack of credit market. If you buy a suite in Beijing East Third Ring, even if the quality is poor, this suite will never disappear. If the property certificate gets the hand, the probability of repeated mortgage will be lower.

It is much harder to dig out real estate than to empty a listed company.

At present, real estate has become the most important collateral. If there is any trouble, banks are not only the problem of bad debt rate at 2% level.

Therefore, although the regulatory authorities are aware of the phenomenon of high prices, but it is really a trap, even if there is no movement will be as big as the stock market moves.

Real estate is cyclical and risky, but it is still the most important investment and pledge in the real society. And because the stock market is easy to be emptied, it is not suitable for playing games in the absence of credit.

This is the fundamental difference between them.