Support Measures Boost China's Housing Market
China News
October 15, 2024
Since the recent announcement of government measures to revitalize China's housing market, real estate agencies have reported a steady increase in both inquiries and transactions. Policy adjustments, which took effect on October 1st in major cities like Beijing, Shanghai, Shenzhen, and Guangzhou, include relaxed eligibility checks for homebuyers and lower mortgage rates. In Beijing, inquiries for pre-owned homes have surged by over 100% compared to the same period last year.