Majority of Chinese Have Negative Impression of Real Estate Developers

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China's housing prices has been very high for a long time, at the same time; the negative impression on real estate developers is also at its high point. Henan University of Economics and Law has recently published a survey, about 76% of respondents believe that the real estate businessmen are "some greedy", and leave negative impression on people.
Some interviewees also think that the developers are "profiteers" with very bad impression. Another 19.28% believe that developers are "normal businessmen", only 4.68% affirm the value of the developer, considering they are "a group of people who make important contributions to society."
The survey of Henan University of Economics and Law was conducted by 116 university students, in order to carry out this investigation, this group of students went to different target cities at different levels of development, 4743 valid questionnaires were finally obtained, 849 questionnaires were from first-tier cities, 2255 from second-tier cities, 1348 questionnaires third-tier cities, 291 fourth-tier cities.
The survey is into real estate industry, which also includes the public views of relationship between developers and local governments. 70.13% of the respondents believe that local governments and developers constitute a "community of interest" and only 8.17% believe that local governments and developers are "normal government and business relations."
The current house prices in major Chinese cities are apparently far from the purchasing power of ordinary people, to curb the rapid rise in house prices, the central government has introduced real estate control policies several times in recent years, but the national housing prices still remain high. For the effect of the policy, 72.58% of people said "not very hopeful" and "have no hope," and only 20.46% of people choose "very confident" and "some confidence", 6.96 % of respondents even believe that "prices will soon rise revengefully."
In various versions of the wealth rankings like the Forbes, However, real estate developers usually occupy a high proportion, so developers are generally labeled with "wealth" tab. questioning of the real estate industry and resentment against the rich developers are already not a new topic.
For negative images, Pan Shiyi, president of SOHO China had analyzed the reasons: first, about half of the Fortune list are developers, and the second, public generally regard real estate is a lucrative industry, In addition, Chinese corrupted officials are usually associated with developers, these factors create bad impression to outside world.
Zhou Fan, a real estate consultant from Guangzhou said, due to the growing gap between rich and poor, Chinese people generally have hostility to the rich, on one hand, the huge wealth owned by real estate developers deeply hurt people's nerves, on the other hand is the reality of high housing prices, "people who can not afford house will naturally shit grievances to developers." He also pointed out that there will be some inevitable problems in social development; hostility to the developers is an inevitable result under the law of economic development.
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