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In September, the property market entered the traditional “gold nine silver ten” peak season. With the intensive implementation of new property market policies in many cities, market popularity is expected to rise. “By adjusting purchase restriction policies and down payment ratios on loans, many places have further unleashed the potential for buying a home. At the same time, housing provident fund loan amounts have been raised in many places, and the cost of buying a home has been reduced through various subsidies, including interest rates on housing provident fund loans and subsidies for selling old and new ones.” Li Yujia, chief researcher at the Guangdong Housing Policy Research Center, told the Securities Times reporter that judging from the pace of policy introduction, after Beijing and Shanghai introduced the policy, Chengdu, Xi'an and other places followed suit, forming a linkage between first-tier and second-tier cities. The relay effect of continuous follow-up sent a positive signal to the market and boosted market confidence and expectations. Some industry insiders said that based on past experience, policies usually enter a centralized release period 1 to 2 months after implementation, and there is strong certainty that market turnover will pick up in the short term. Multiple policy dividends have already ignited a warm-up engine for the property market, saving energy for the “gold nine silver ten” property market. The market is expected to usher in a round of concentrated volume release. In particular, the first-tier property market is expected to usher in a wave of recovery in turnover, but market fragmentation and steady recovery will become the main line.
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In September, the property market entered the traditional “gold nine silver ten” peak season. With the intensive implementation of new property market policies in many cities, market popularity is expected to rise. “By adjusting purchase restriction policies and down payment ratios on loans, many places have further unleashed the potential for buying a home. At the same time, housing provident fund loan amounts have been raised in many places, and the cost of buying a home has been reduced through various subsidies, including interest rates on housing provident fund loans and subsidies for selling old and new ones.” Li Yujia, chief researcher at the Guangdong Housing Policy Research Center, told the Securities Times reporter that judging from the pace of policy introduction, after Beijing and Shanghai introduced the policy, Chengdu, Xi'an and other places followed suit, forming a linkage between first-tier and second-tier cities. The relay effect of continuous follow-up sent a positive signal to the market and boosted market confidence and expectations. Some industry insiders said that based on past experience, policies usually enter a centralized release period 1 to 2 months after implementation, and there is strong certainty that market turnover will pick up in the short term. Multiple policy dividends have already ignited a warm-up engine for the property market, saving energy for the “gold nine silver ten” property market. The market is expected to usher in a round of concentrated volume release. In particular, the first-tier property market is expected to usher in a wave of recovery in turnover, but market fragmentation and steady recovery will become the main line.
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