As the leverage ratio of the residential sector continues to decline, there are currently more and more people who are buying a house in full or taking out fewer loans. According to data recently released by the Guangzhou Real Estate Agents Association, since June of this year, the proportion of second-hand housing mortgage payments in Guangzhou has gradually decreased. The proportion of mortgage payments in June was 45.08%, the ratio of mortgage payments in July fell to 38.85%, and further dropped to 35.6% in August. According to data from the Shenzhen Shell Research Institute, the share of full second-hand housing transactions in Shenzhen reached 25.3% in the first half of the year, an increase of 6.3 percentage points over the previous year.

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