Digital Financial Development, Rising Housing Prices and Non-residential Consumption

Haitao Ma; Qinqin Wu; Zhengqiu Cheng; Lingrui Zhu

doi:10.54691/921z8f58

Authors

Haitao Ma
Qinqin Wu
Zhengqiu Cheng
Lingrui Zhu

DOI:

https://doi.org/10.54691/921z8f58

Keywords:

Real Estate Market; Digital Financial Development; Non-residential Consumption.

Abstract

In recent years, the real estate market has become less popular, and real estate prices in a few places have declined slightly, mainly due to the effect of purchase restriction policies and the slowdown in economic growth. Will it be difficult for the real estate industry to develop in the future? Will the real estate market slump and remain cold for a long time? As some people believe, real estate will definitely not be sold and prices will have to be significantly reduced? I believe that the real estate industry will continue to develop. The long-term price reduction of real estate will not rebound. This is only the subjective wish of some people. This wish is neither in the national interest nor in the social interest, nor in line with the laws of the socialist market economy. Based on the analysis of various factors, my country's real estate industry will continue to develop, the real estate market will be more sound, and real estate prices will definitely not continue to fall, but will definitely "increase steadily."

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