The property market is cold and the Beijing home store has closed down in large numbers

According to reports, the downturn in the property market has also had a direct impact on the home and building materials industry. Statistics show that since August last year, 12 home building materials stores in Beijing have officially closed, and in the past six months, there have been eight closed doors. In addition, there are five other shopping malls that are preparing to move or withdraw. According to statistics from the China Furniture Association, according to the industry standard of 10,000 square meters annual sales of 100 million yuan, last year, the furniture and building materials industry achieved annual sales of about 200 billion yuan, which means that 20 million store area can meet market demand. At present, the total area of ​​domestic home stores has exceeded 40 million. Recently, the National Building Materials Home Furnishings Index published by China Construction (601668, stock bar) Material Distribution Association showed that from January to June 2012, the sales of building materials and home furniture stores above designated size reached 553.93 billion yuan from January to June. It was down 7.66% year-on-year, which is the first time that the growth rate has declined in the past five years.


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