资金面始终是楼市周期性调整的基本动因。今年年初以来,我国多家房地产开发企业因资金面承压或资金链条断裂,经营出现困境乃至于面临破产威胁。随着实体经济经营风险向金融领域加速传导,全社会风险偏好呈下降态势,将对楼市资金面形成有效制约,楼市周期性调整进程有可能会继续深化。 Capital is always the fundamental reason for the cyclical adjustment of the property market. Since the beginning of this year, many real estate development enterprises in our country have faced the problem of bankruptcy as a result of the pressure of funds or the break of the capital chain. With the real economy to accelerate the conduction of financial risks to the financial sector, the social risk appetite showed a downward trend will effectively control the formation of the property market capitalization, the property market cyclical adjustment process is likely to continue to deepen.