Although July is a traditional low season for the property market, the second-hand housing market in Beijing has not cooled down significantly. According to data from the Beijing Municipal Housing and Construction Commission's official website, the number of second-hand housing units signed online in that month exceeded 14,000, an increase of 9.8% over the previous year. Looking at the extended cycle, a total of 107,000 units were sold from January to July, up 6% year on year, hitting a record high for the same period in the past 5 years. Since March, the monthly turnover has maintained year-on-year growth for 5 consecutive months. Industry insiders believe that transactions are expected to maintain a certain level of activity in the second half of the year, but further stabilization still depends on continuous improvement due to multiple factors.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.