central topic
where does the real estate demand go?
来源:
《china forex》 2024 issue 2
author: wu ge, yu tao, cao haiwei , gao tong
in the current landscape of the real estate market, we can see significant adjustments in pricing and sales figures. in the first quarter of this year, commercial property transactions decreased by 27.6% compared to the corresponding period last year, with total sales plummeting by 44% from the historic peak recorded in the first quarter of 2021. this significant decline in housing demand and the sudden surge in the supply of pre-owned homes could be attributed to enduring factors such as demographic shifts and urbanization. will the market undergo a process of self-correction and stabilization?
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