China's second-hand housing market heats up in February: report-Xinhua

China's second-hand housing market heats up in February: report

Source: Xinhua

Editor: huaxia

2022-03-13 16:52:15

Aerial photo taken on Feb. 17, 2020 shows buildings under construction in Nanguan District of Changchun City, northeast China's Jilin Province.(Xinhua/Zhang Nan)

BEIJING, March 13 (Xinhua) -- China's second-hand housing market staged signs of heating up in February amid incentive policies, an industrial report said.

The demand for second-hand houses in 65 investigated Chinese cities surged 34.7 percent month on month, according to a report by online marketplace and housing information platform

The number of newly-added second-hand houses on the platform increased 9.9 percent from one month earlier, the report showed.

The average price of second-hand homes rose 0.42 percent month on month in February.

The upturn mainly resulted from the unleashing of demand, said Lu Qilin, a researcher with 58 Anjuke Institute, noting that favorable policies such as interest rate cuts and lower down payment ratios have a great effect. 


Comments (0)

    Follow us on