Reported 10 months ago
With the help of the New Qingan policy in the housing market, first-time homebuyers are active and enthusiastic. In the first quarter, mortgage data from the Credit Information Center showed a 39% increase in the number of mortgage loans, with the most significant growth in borrowers aged 20-35. The total housing price among this age group increased by 1.1-1.24 million compared to a year ago. The market is also seeing growth in other age groups, indicating a strong purchasing momentum fueled by policy support and rising property prices.
Source: YAHOO