Second-hand housing transactions in Shenzhen continued to grow in early July, and demand for all kinds of home purchases was steadily released. According to monitoring data from the Shenzhen Shell Research Institute, the number of second-hand housing contracts at Shell Shenzhen cooperative stores increased 20% from July 1 to 12 compared to the same period last year, reaching a record high for the same period in the past 6 years. According to monitoring by the Shenzhen Shell Research Institute, in July of previous years, the property market usually experienced phased cooling due to hot and rainy weather, children's summer vacation trips, and buyers' wait-and-see sentiment. However, this year, the second-hand housing market in Shenzhen clearly emerged from a “off-season” contrarian trend. The scale of transactions rose steadily, and real demand for self-occupation remained stable. According to the research institute's analysis, the recovery in the market mainly stems from two major supports: first, the “429 New Deal” dividend continues to ferment, and the backlog of demand for first-time home purchases and replacement improvements was released in an orderly manner; on the other hand, high-end luxury homes continued to be popular, driving the overall recovery of the second-hand housing market from various levels such as market expectations, replacement chains, and regional heat transmission, and became an important driving force for the popularity of this round.

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