The Hangzhou Housing Security and Real Estate Administration issued the “Notice on Promoting the High-Quality Development of Real Estate in Our City”, which proposes to support the introduction of housing purchase subsidy measures. All districts and counties are encouraged to introduce policies such as housing purchase subsidies and trade-in according to local conditions. At the same time, they also hold online and offline housing fairs and home purchase festivals to facilitate people's home purchases to support rigid and improved demand for home purchases. The municipal level provides financial subsidies to each district and county's housing purchase subsidy policies.

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