Economic growth in Q3 to beat Q2, survey reveals

chinadaily.com.cn | Updated: 2022-09-27 06:40
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A resident in Guangzhou checks the model of a building before purchasing an apartment. [Photo provided to China Daily]

House market

According to the report, 34.22 percent of the respondents said that the sales of China's real estate market will increase slightly in the next three to six months, and nearly 40 percent of the respondents said the sales will not change significantly.

Under the current house policies guidance, the demand for rigid and improved housing would be supported in the future, and the market is expected to continue to recover in the fourth quarter, Wen Bin said.

The report said that 73.68 percent of the respondents deemed the government should introduce more vigorous measures to maintain the real estate market, including stabilizing land and house prices as well as the market expectation in the next three to six months.

In addition, 69.74 percent of the respondents expected to see easing of restrictive home policies to stimulate residents' housing demand; 60.53 percent of the respondents said the mortgage loan interest rate should be further lowered to reduce the cost of residents' loan repayment; as well as 53.95 percent of the respondents said that the restrictions on financing for housing enterprises should be further relaxed to broaden financing channels.

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