China Real Estate wrongs Peng Zhaozhi/Xinhua/ZumaPress

Ошибки на китайском рынке недвижимости

ПЕКИН − Китайский сектор недвижимости был источником серьезной озабоченности в течение нескольких лет. Его неумеренно растущие цены на недвижимость вызывали опасения перегрева на рынке жилья. Но с ослаблением роста цен начало казаться, что правительственная кампания по обузданию риска собственности наконец вступает в силу. Опасность сейчас в том, что рынок жилья рухнет – захватывая с собой и экономические перспективы Китая.

В рамках своих усилий контролировать рост цен на жилье, правительство Китая проводило девять различных политик, не все из которых достигли своей цели. Хотя некоторые изменения, например лимит по ипотечным кредитам для впервые покупающих клиентов и минимальные требования на жительство для приобретения недвижимости в городах первого уровня, таких как Пекин или Шанхай, способствовали ослаблению спроса, то тактики со стороны предложения, такие как ограничение кредита для застройщиков и введения новых налогов на продажи недвижимости, оказались контрпродуктивными.

Этот неправильный подход позволил китайским ценам на жилье продолжать расти неуклонно, таким путем обеспечивая крупные экономические жилищные пузыри, особенно в городах первого уровня. Среднему жителю Пекина придется откладывать весь его доход в течение 34 лет, прежде чем он сможет немедленно приобрести квартиру. В Шанхае и Гуанчжоу, эквиваленты составляют 29 и 27 лет - намного выше, чем в других крупных международных городах.

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