From 1996, the down payment in Pudong was only 10,000 yuan, and then it became more and more expensive year by year until 2004.

Reasons for rising house prices

1, rapid economic development

With the development of economy, people's sense of enjoyment is also increasing, which leads to the shortening of living time and the increasing demand for housing. Many people will change their new houses after living for 7-8 years, but the house is tight, which is the reason for the rapid rise in house prices.

2. Inflation expectation has increased.

CPI is rising, and the prices of agricultural products are getting higher and higher. According to scientific evidence, rising food prices will also drive up house prices. For example, oil prices have risen rapidly in recent years and started to snowball. As prices rise, so will house prices. Even the prices of carrots and vegetables are rising, so there is a reason why house prices will not rise. Prices can't go up and house prices can't go down. This phenomenon does not exist. If you want to control housing prices, you need to stabilize CPI first.

It is impossible for the developer to lower the house price.

If the developer lowers the house price, no one will buy a house, because people see the house price falling and think that the house price has finally fallen, and it may fall even more, and it will fall for a long time, and even it is impossible to rise again. Buying a house is very similar to buying stocks. Buy up and not buy down.

Capital expansion information

The factors that affect house prices mainly include the following:

1, economic factors

The economic factors that affect house prices include:

(1) Economic growth rate

With the rapid economic growth, residents' income will increase accordingly, purchasing power will increase and house prices will rise; On the contrary, it will make house prices fall.

(2) Price, salary and employment level

Price changes lead to changes in the value of money and affect housing prices. Because of the preservation and appreciation of real estate, when the general price rises, the house price will rise even more. With the improvement of wages and employment level and the increase of residents' income, house prices will rise, and vice versa.

2. Administrative factors

The administrative factors that affect housing prices include:

(1) Land use planning and supply control

Land use is determined by the government planning and management department, and the plot ratio of land use has a great influence on the land cost of unilateral residence; The government usually controls the amount of land entering the market through the land transfer plan, thus affecting the supply and price of the residential market.

(2) Real estate tax system

Deed tax, property tax, land value-added tax and so on affect the increase or decrease of residential transaction volume, while the decrease of tax rate encourages transactions and residential prices rise; vice versa