Latest News
China's second-hand housing market heats up in February: report
Last Updated: 2022-03-14 00:56 | Xinhua
 Save  Print   E-mail

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.

(Editor:Fu Bo)

Share to 
Related Articles:
  • Sports
  • Soccer
  • Basketball
  • Tennis
  • Formula One
  • Athletics
  • Others
  • Entertainment
  • Celebrity
  • Movie & TV
  • Music
  • Theater & Arts
  • Fashion
  • Beauty Pageant
About | About the Economic Daily | Contact us
Copyright 2003-2020 China Economic Net. All right reserved
China's second-hand housing market heats up in February: report
Source:Xinhua | 2022-03-14 00:56
Share to