On December 26th, it was reported that currently, only some first tier cities and certain cities and regions in Hainan Province retain certain purchase restrictions. In terms of housing loans, both the down payment ratio for first and second homes, as well as the commercial loan interest rates for new and existing housing loans, are currently at historic lows. In addition, the vast majority of cities have lifted the “dual restrictions” on sales, land prices, and housing prices, with greater policy intensity than in the past. According to data from the Zhongzhi Research Institute, the sales area of commercial housing in China was 860 million square meters in the first 11 months of 2024, a year-on-year decrease of 14.3%; The sales revenue of commercial housing reached 8.5 trillion yuan, a year-on-year decrease of 19.2%. Although there is still a decrease in volume compared to last year, from the quarterly trend, the real estate market has shown a clear rebound trend since the end of the third quarter (Securities Times)
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