China’s second-hand home listings surged in H1, existing home market has become buyer’s market – expert
DATA VIEWS & ANALYSIS
China’s second-hand home listings surged in H1, existing home market has become buyer’s market – expert
DATA VIEWS & ANALYSIS

China’s second-hand home listings surged in H1, existing home market has become buyer’s market – expert

 

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China’s second-hand home listings surged in the first half of 2023, reflecting the deteriorating supply-demand conflicts and blocked transactions in the existing home market, Yan Yuejin, research director of the E-House China R&D Institute. 

As second-hand homes become increasingly hard to sell, the market has quietly become a buyer’s market, said Yan. 

He recommended that the government’s stimulus policy to support the second-hand home market should not only be limited to short-term relaxation of restrictions, but take a long-term view to revitalize the market.