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<CN Home>NBS: CN Policy Combo Shores up Confidence; CN Home Mkt Likely to Keep Improving
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After the introduction of the package of incremental policies by the Chinese government in 2024, transactions in the real estate market of the mainland have become more vibrant, with market supply and demand improving and housing prices stabilizing, said Kang Yi, Director of the National Bureau of Statistics (NBS). The uptick in the real estate market has also prompted improvements in related industries, Kang added. It is expected that the real estate market will continue to improve in the next stage. In December 2024, the monthly survey on housing prices in 70 large and medium-sized cities showed that 69.3% of the respondents assumed the prices of newly built residential properties to remain sturdy or ascend in the next six months, up 0.8 ppts from the previous month. AAStocks Financial News |
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