China's property market shows stabilization and recovery signs in 2024, with policy changes aiding the turnaround.

China's property market shows signs of stabilization and recovery in 2024, thanks to policy measures like easing mortgage rates, transaction taxes, and down payment ratios. Major cities have lifted home purchase restrictions. Data shows a narrowing in the decline of commercial residential home prices and a turnaround in home transactions, reversing a 15-month decline. Real estate brokers and buyers in first-tier cities sense an earlier-than-expected market recovery.

3 months ago
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