20 17 reasons for the skyrocketing housing prices in Chengdu

The reasons for the skyrocketing housing prices in Chengdu in those years were: the pull of economic development, the promotion of government policies, and the imbalance between supply and demand.

Driving force of economic development: Chengdu is one of the most important economic centers in western China. With the vigorous development of urban economy, more and more people flock to Chengdu, which leads to an increase in housing demand. In case of short supply, house prices will naturally rise.

Government Policy Promotion: The Chengdu Municipal Government has issued a series of policies that are conducive to the stable development of the real estate market. For example, the implementation of the purchase restriction policy makes it difficult for buyers to easily buy their favorite houses, thus pushing up market demand and housing prices.

Unbalanced supply and demand: Chengdu, as the central city in the western region, has attracted a large number of talents and enterprises, resulting in a sharp increase in housing demand.

At the same time, the real estate developers in Chengdu failed to supply enough houses in time, which led to the imbalance between supply and demand, and then pushed up housing prices. These are the reasons for the skyrocketing housing prices in 20 17 Chengdu.