Trading activity in the Chinese real estate market improved in the first quarter of this year, and the prices of new homes have gradually stabilized.
According to data from the Central Index Institute, the price of new homes in the first quarter of 2023 rose by 0.01% from the previous quarter.
The number of cities with housing prices falling continued to decrease in March.
In the first quarter of this year, many local governments extend favorable real estate policies, including optimizing the provident fund loan policy, relaxing restrictions on purchases and sales, increasing subsidies for home purchases, and lowering mortgage rates.
