Employees introduce a residential project to visitors during the 2023 Weifang Real Estate Expo held in Shandong province on Feb 10. [Photo/China Daily]
More transactions expected this year after supportive measures and market correction
Consensus is fast emerging among industry observers that China's property market, which had faced a variety of troubles over the last few years, is back on track, with recovery appearing possible this year.
"After a period of market correction, the property market will stage a strong comeback this year on the back of a number of supportive measures," said Chen Wenjing, director of research at the China Index Academy.
Since last November, a series of measures targeting both supply and demand have been introduced. The work conference of national housing and urban-rural development held on Jan 17 also set the tone for this year's property market policies, which is boosting confidence, controlling risks and promoting transformation, Chen said.
Meantime, the nation's financial regulators have released a number of supportive measures, including differentiated credit support for homebuyers, facilitation of delivery of residential projects, enhanced cash flow of prime developers, guidance for their balance sheets toward a safe range, and improvements to the rental housing market.
All of which echoed the tone-setting annual Central Economic Work Conference in mid-December, experts said.
Related articles:
Related suggestion:
Israel Gaza: Netanyahu vows to press ahead with Rafah offensive'Time to go home' French farmers told following two weeks of protestThe royals have historically been tightFrench PM Élisabeth Borne resigns ahead of expected reshuffleIsrael frees two hostages, Palestinian TV says 74 killed in assaultThe royals have historically been tightIsrael strikes on Rafah to cover hostage extraction kill 37 peopleCyclone Gabrielle: Helicopter pilot recalls emotions, panic during rescue operationPoliticians arrive at Rātana celebrations in wake of national huiIsrael frees two hostages, Palestinian TV says 74 killed in assault
2.4837s , 6503.3125 kb
Copyright © 2024 Powered by There's spring in real estate recovery ,World Wander news portal