[National Bureau of Statistics (NBS): Since the beginning of this year, China's real estate market has continued to move towards halting the decline and stabilizing, with transactions in some first- and second-tier cities showing signs of recovery]
Fu Linghui, spokesperson for the NBS, stated that under the influence of various policies aimed at halting the decline and stabilizing the real estate market, China's real estate market has continued to move towards halting the decline and stabilizing since the beginning of this year. Transactions in some first- and second-tier cities have shown signs of recovery, and housing prices have remained generally stable. However, it should also be noted that the overall real estate market is still in the process of adjustment and transformation. Rigid and improvement-oriented demand remains to be released, and the pressure to sell off real estate in some regions is still relatively high. Continuous efforts are still needed to promote the halting of the decline and stabilization of the real estate market.