The Current State of Development of The Real Estate Sector in The Context of The New Crown Epidemic and The Direction of Subsequent Development

Abstract

In February 2020, the Ministry of Finance and the Central Bank published articles emphasising the positioning of "no speculation in housing" and not using real estate as a means of short-term economic stimulation, and promoting the improvement of the basic economic housing security system; various places made policy adjustments in respect of housing provident funds and land rentals, etc. Policy adjustments were made in various areas such as housing fund and land concessions. The impact of the new epidemic has increased China's fiscal spending, and the real estate economy, as a source of revenue, plays an integral role in the country's socio-economic development. The arrival of the epidemic will also have a serious impact on our economy, with consumer habits changing; the erratic nature of the epidemic will make people more inclined to "tighten their belts" and use their assets for emergencies, and the real estate industry will cool down as a result. In the era of rapid development of big data, the real estate industry is getting a more systematic and comprehensive data and provides a different perspective for its subsequent development direction, and a more objective understanding of the current situation of the real estate industry under the influence of the epidemic. This study is based on the Newcastle pneumonia epidemic and uses big data networks to understand the current economic development of the real estate sector, and to analyse and deduce the subsequent development of the real estate sector and the direction of adjustment in accordance with the current situation, in order to promote the steady development of the real estate economy and thus reduce the impact of the Newcastle epidemic on the national economy and revenue growth.