Since 2018, really already partial room look forward to went bankrupt, basically be lever is used excessively, bring about fluidity dried up, tighten up plus estate adjusting control, the house is bad to was bought result. And as the four seasons is spent this year, debt of countervail of room look forward to draws near periodicly increasingly, future can have one large quantities of in Xiaofang look forward to by annex of large house look forward to, it is difficult that at present real-estate industry is faced with life and death to rob.
Because before a few years the insanity of real estate takes ground dilate, and after mad dilate, what bring to room look forward to is high indebted rate. Appear on the market now the indebted rate of room look forward to is achieved 80% , some exceeded 100% even. Below this kind of circumstance, the financial orgnaization such as the bank dare not borrow money room look forward to. In the meantime, little room look forward to is in in market of domestic and international bond, IPO, equity trades the difficulty of market financing is very great, and cost is very high also. So, financing difficult, financing is expensive in was being brought about, little room look forward to cannot carry debt of afterwards renew a book, will spend the crisis with insufficient capital.
Awfuller is, policy of estate adjusting control is tightened up stage by stage, bring about speculation demand to exit, this makes room look forward to present turnover rate also backwater not before, open a floor newly originally dish give heat, be killed by the second immediately, and now although bridal chamber is hit lose sales promotion, bridal chamber is sold or appear rate of progress is slow, to in for little room look forward to, rate of capital steam again falls. Once arrived the fastigium of countervail debt, have the risk that capital ruptures immediately. Now is large house look forward to without giving thought to, medium or small still room look forward to should hasten steam again capital, such ability answer the question that capital catenary ruptures.
It is difficult to if be merely,borrow money, or the house sells difficulty, the likelihood still can pull Xiaofang look forward to for some time in, but the debt of the fourth quarter expires centrally now, and this debt cycle should last to 2020, the time of repay a debt of room look forward to is very so long still. And to in for Xiaofang look forward to, as long as capital catenary is ceaseless, can continue to put subsist, but the house is bad now to sold, want to deal the debt that is about to expire easier said than done. Large house look forward to may buy tomorrow medium or small room look forward to, it is will medium that large house look forward to is bought the cheap land natural resources in hand of little room look forward to. Future, medium or small room look forward to will be less and less, the volume of large house look forward to will be larger and larger, this is big trend.