Is the house price in Changsha City really as low as rumored by netizens. The excessively low house price is attributed to the harsh policy regulation, which is the result of the game played by many parties. In December 2021, the average price of Changsha City did not even break through 15,000 per square meter, not to mention the comparison with other first-tier cities, and even some third- and fourth-tier cities have not been compared to the price of housing. It can be seen that its housing prices are really very low.

Even some netizens joked:

Changsha is a place where speculators have no return.

One, policy peddling

Changsha is comparable to the capital in this regard. It is important to realize that this is a ? restriction on purchase and sale? s city. In fact, Changsha has been caught in the trap of similarly inflated prices, disrupting the market order, but followed by strong policy regulation, from various aspects of the property market to cool down the fire, people also gradually recovered rationality. This series of initiatives to get rid of the short-term interests, focus on the future.

And before 2016, Changsha had a welfare housing policy, some enterprises and institutions have a large number of welfare houses, and the price of these houses is only less than half of the market price, dispersing some of the firepower of the fresh demand buyers. And most of the Changsha locals have houses in their hands and do not have a strong demand to buy houses.

Many local revenues depend mainly on land concessions, which is caught in a dead cycle of high concessions - high prices. But Changsha's finances do not depend on land, which results in its economic development model does not have to be bound by the price of housing, relatively free large, but also has more space to play.

On Nov. 29, 2019, Hu Henghua, a member of the Standing Committee of the Hunan Provincial Committee and secretary of the Changsha Municipal Party Committee, posted an article in the People's Daily, saying: ? Changsha is determined to get rid of its dependence on real estate and its dependence on land finance, and to walk out of a road of high-quality development of the real economy represented by high-quality development of the manufacturing industry. At present, Changsha's fiscal dependence on land is less than 40 percent.?

The continuous supply of land, coupled with a proper development strategy, has put Changsha's development on a healthy and orderly path.