1. Housing situation: Fahua Future City was built earlier, more than ten years ago, so a careful look at the house may look shabby. This may affect the desire of potential buyers to buy, leading to a decrease in the price of the house.
2. Geographical location: Fahua Future City is located at the core of the crossroads in Hongshan District, Wuhan, but it is far from the bustling business district. At the same time, public transport facilities are also a certain distance, which may bring inconvenience to some property buyers, thus affecting their purchase decisions.
3. Epidemic factors: In recent years, the COVID-19 epidemic has had a huge impact on the global economy, resulting in a decline in the income of many families. This reduces the demand of buyers for housing, and the supply of housing is relatively surplus. In order to stimulate demand, developers may need to lower prices to attract more buyers.
Generally speaking, the low price of Wuhan Fahua Future City is mainly the result of the above factors. If you are considering buying this property, I suggest you carefully evaluate these factors, as well as your personal needs and financial situation, in order to make an informed decision.