Policy Incentives Drive Surge in Pre-Owned Home Sales...
China News
January 4, 2024
China's pre-owned housing market is experiencing a notable increase in sales, fueled by incentives introduced by several local governments to attract potential homebuyers. In Shanghai, a key economic hub, buyers express surprise upon discovering new stimulus policies, including lower mortgage rates and more substantial tax cuts in the area. The combination of these incentives is contributing to a growing trend in pre-owned home transactions.