Foreign media: New residential property prices in China rose 0.37% month-on-month in November, with the increase expanding from October, but second-hand property prices fell 0.94% month-on-month, with the decline also widening from the previous month, indicating that the real estate market has not yet hit bottom.
Since the liquidity crisis of real estate developers in 2021 due to tightened regulations, the market has remained sluggish.
Future policies may include relaxing purchase restrictions, lowering transaction costs, and accelerating urban village renovation projects to stimulate demand.
Original article: toutiao.com/article/1850284377298956/
Statement: This article represents the views of the author himself.