The Ministry of Housing and Urban -Rural Development of China announced that in the first 11 months of this year, China's second -hand housing transaction volume accounted for 37.1%of all house transactions, creating a record high.
According to CCTV news reports, Dong Jianguo, deputy minister of the Ministry of Housing and Urban-Rural Development Dong Jianguo on Wednesday (December 13) at the 2023-2024 China Economic Annual Conference held at the China International Economic Exchange Center, in January this year, from January this year toIn November, the proportion of second -hand housing transactions in the country accounted for 37.1%of all housing transactions, creating a record high. The transaction volume of second -hand housing in seven provinces and municipalities in the country exceeded the transaction volume of new commercial housing.
Dong Jianguo said that from January to November this year, one -and -two -handed houses together achieved positive growth. This indicator of positive growth shows that the demand for housing has remained stable and there is no obvious shrinkage. Instead, transactions are traded.The structure changed, and second -hand housing transactions replaced some new house transactions.
In addition, the solid advancement of the work of insurance and the work of insurance has driven the completion area of Chinese houses by nearly 20%year -on -year.
Earlier, Ni Hong, secretary of the party group and minister of the Ministry of Housing and Urban -Rural Development, said in an interview that this year the Chinese real estate market is generally high, low, and stable.From a data point of view, policies and measures such as "do not recognize the house" and "reduce the down payment ratio and interest rate" have played positive results.From January to October this year, although the transaction volume of first -hand housing declined, the transaction volume of second -hand housing rose, and the combination of primary and second -hand housing achieved a year -on -year positive growth.
From August this year, many cities in China have relaxed the restrictions on house purchase such as "recognition of houses and loans".According to the statistics of the Central Plains Real Estate Research Institute in September, more than 30 cities have continued to relax the restrictions on house purchase; nine cities including Nanjing, Shenyang, Dalian, and Dongguan have announced the full cancellation of purchase restriction measures.
