China’s stimulus measures aimed at stabilizing the real estate market are beginning to show positive results. In the latter half of 2024, both new and second-hand home transactions have increased, especially in major cities like Beijing, Guangzhou, Shanghai, and Shenzhen. Policy measures, such as tax incentives, mortgage rate cuts, and reduced down payments, have eased financial pressures on homebuyers. These efforts have helped restore confidence in the market, narrowing the decline in new housing sales and stimulating growth. The measures also provide financial relief to millions of households. Experts predict that targeted policies, including urban renewal and further local adjustments, will be key to continued recovery.
China real estate, 2024 real estate recovery, government stimulus, second-hand homes, mortgage rate cuts, housing market rebound, real estate policies, China housing market, real estate market confidence, property tax incentives
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China's Real Estate Market Rebounds: Government Measures Restore Confidence and Growth | AF1G
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