Beijing's housing market is heating up! Second-hand home transactions jumped 8% month-on-month in November, fueled by fresh policies designed to boost buyer confidence and market activity. Analysts say relaxed mortgage rules and tax incentives are turning renters into homeowners
faster than you can say 'property boom.'
\"This rebound shows the market's resilience,\" shares local real estate expert Mei Ling (name changed). \"First-time buyers and upgraders are seizing opportunities while rates remain favorable.\" The surge comes as China continues balancing economic growth with housing affordability goals.
CGTN's Aaron Liu reports the uptick reflects broader efforts to stabilize urban property markets. With Lunar New Year around the corner, will December keep the momentum? Stay tuned!
Reference(s):
cgtn.com