Real Estate, Financials, Technology Feb 07, 2022 04:09 PM (GMT+8) · EqualOcean
The Spring Festival property market affected by the epidemic has been in a downturn for many years. According to the monitoring of China Index Research Institute, during the Spring Festival in 2022 (from January 31 to February 6), the transaction area of newly-built commercial houses in key monitoring cities decreased by 51% compared with last year's Spring Festival. Among them, driven by the transaction scale of Shanghai, the transaction scale of first tier representative cities increased compared with last year's Spring Festival, and that of second tier representative cities decreased by about 50% compared with last year's Spring Festival.
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