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Home sales in China are likely to recover as some cities are being allowed to relax mortgage rate minimums for first-time homebuyers, adding fuel to the country's unfolding economic rebound, analysts said on Friday.
Despite the cooling tendency of major Chinese cities' home prices in November, industry experts are sanguine on market stabilization in the coming year, especially considering a document released on Wednesday on expanding domestic consumption demand and ensuring the stable and healthy development of the property sector.
With a high frequency of supportive measures issued by financial regulators in November, the property market is expected to see a turning point in 2023 as market recovery continues to proceed, industry experts said.
China's real estate enterprises on Monday received the green light to resume refinancing and mergers and acquisitions after a 12-year suspension by the top securities regulator.
The latest 20 measures to optimize COVID-19 control in the notice released by the State Council's Joint Prevention and Control Mechanism on Friday will have positive effects on China's economy from multiple perspectives, deemed experts.