Meng Xiaosu: whether house prices will rise in the future should be viewed in the short, medium and long term.

SMM: on the afternoon of August 12th, Meng Xiaosu, head of the REITs research group of the Development Research Center of the State Council and chairman of Huili Fund, said in the 2020 Boao Real Estate Forum's keynote speech on "Progressive Real Estate-Policy, judgment, expectation" that whether house prices will continue to rise in the future will be viewed in the short, medium and long term respectively.

It is said that first, in the short term, the relationship between supply and demand is now tense in some cities; second, it depends on land prices in the medium term, which have recently risen in the auction process in various cities.

Third, we should look at the issue of banknotes in the long run. Meng Xiaosu said that now, in order to resist the international economic recession, countries all over the world are printing money, issuing treasury bonds, and implementing monetary easing. The central government has also decided to maintain a reasonable growth in the money supply and the scale of social financing. In this case, there is more money.

"of course, more money will also push up house prices, and there is another advantage of rising house prices and other asset prices. It can absorb these excess money, thereby reducing inflationary pressure and preventing these currencies from flowing into CPI, and affecting the lives of ordinary people." Meng Xiaosu said.

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