Real Estate Dec 07, 2021 03:58 AM (GMT+8) · EqualOcean
Financial Associated Press, Dec. 7 - with the moderate adjustment of credit policy, the transaction of the real estate market is showing a trend of recovery and stabilization. According to the China Index Research Institute and other institutions, as of the end of November, the transaction scale of new commercial housing (excluding affordable housing) in Beijing was about 860000 square meters, an increase of 23.5% month on month. In addition, according to the statistics of real estate intermediary shells, the overall trading volume of second-hand houses in 50 cities nationwide increased by about 2% month on month in November, which is also the month on month growth of trading volume for two consecutive months since October. In this regard, China Index Research and other institutions predict that the real estate industry will end in "high before low" in 2021, and is expected to maintain "steady progress" in 2022, with overall stable prices.

This text is a result of machine translation.