The current housing prices in Pingjiang are not yet outrageous. In ten years, the housing prices in Pingjiang will increase five or six times, far exceeding the interest rates of banks. With a down payment of five million, you can choose a better house.
“Okay, I’ve always wanted to buy a house with a garden, but villas are too expensive, costing around 20 million. The down payment is 5 million, and I still need to take out a loan of 15 million. I can’t afford it in my lifetime.” Lu Ziqun said with some regret. She dreamed of living in a villa.
But I probably won't be able to achieve it in this lifetime.
“It’s indeed a bit difficult to buy a villa, but you can buy a duplex with a terrace, which can also be decorated as a garden. Or you can go to a more remote area to buy a villa, where the prices are relatively cheaper,” Ye Qingqing suggested.
The housing prices within the Third Ring Road of Pingjiang City have already risen. Five million yuan is indeed not enough to buy a villa, not even a second-hand one. However, it is still possible to buy one outside the Third Ring Road. Although the area outside the Third Ring Road is a bit remote now, in ten years, housing prices there will also skyrocket. So buying a house there now is a good deal.
Lu Ziqun's eyes lit up at first, but then dimmed again. "It's too remote and inconvenient for commuting. Let's go somewhere within the Third Ring Road. I'll take your advice and buy a duplex. We can still have a garden there."
Ye Qingqing could tell that she really wanted to live in a villa, so she advised, "Actually, the area outside the Third Ring Road isn't that remote. Just buy a house near a subway line. If you think the area outside the Third Ring Road is too remote now, in ten years, you won't be able to buy a house there. Besides, I think the current trend is that university campuses will probably be expanded to new locations, maybe even outside the Third Ring Road. If you buy a house outside the Third Ring Road, it will actually be more convenient for you to get to work."
She wasn't actually sure if the medical university would build a new campus. In her previous life, she had lived to this age, but she had heard Lu Qingquan mention something. At that time, Lu Qingquan had bought a lot of land outside the Third Ring Road. He casually mentioned that a university town was going to be built there, and that some universities in the city would have their new campuses built in the university town, all concentrated in one area.
Lu Qingquan was involved in real estate at that time, so his information should be accurate. However, Ye Qingqing didn't know the specific year, but it should be within the last ten years. The land in Pingjiang City had been almost fully developed, and there was simply no space left. Even if the university town wasn't built, development would still take place outside the Third Ring Road.
Lu Ziqun was very excited, "Are they really going to build a new school site outside the Third Ring Road?"
"I'm just guessing, don't go spreading rumors. Regardless of whether new schools are built outside the Third Ring Road, it's certain that Pingjiang City is developing beyond the Third Ring Road. Look at how crowded the area within the Third Ring Road is now, there's no room left. And more and more people are flocking to Pingjiang, they need somewhere to live."
If there's no place left within the Third Ring Road, then you'll have to buy outside it. With more people, you'll need to consider public transportation like buses and subways, as well as shopping malls, hospitals, schools, etc. Once the area outside the Third Ring Road becomes prosperous, property prices will skyrocket. If you buy now while prices are low, you'll make a profit.
Lu Ziqun nodded repeatedly, his eyes growing brighter and brighter. He slammed his hand on the table and said, "I'll buy one outside the Third Ring Road. I want to live in a villa."
"I'll find you a reliable real estate agent. You shouldn't buy the new house. The renovation cost will be at least a million, and that's just for a basic renovation. You should buy from those houses that are in a hurry to sell and raise money; you can get a much cheaper price," Ye Qingqing suggested.
"Won't those be unlucky? I've heard that these kinds of houses have bad feng shui," Lu Ziqun said with some concern.
Ye Qingqing rolled her eyes. "Don't you only believe in Marxism? You believe in these feudal superstitions too?"
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