Ministry of Housing and Urban-Rural Development: Continuously consolidate the stable trend of the real estate market.

The research group of the Ministry of Housing and Urban-Rural Development recently conducted research in Guangdong and Zhejiang provinces. The research group stated that promoting stable, healthy, and high-quality development of the real estate market is of great importance. Localities should effectively shoulder their responsibilities, fully utilize the autonomy of real estate regulation policies, implement city-specific and targeted policies, enhance the systematic effectiveness of policy implementation, and continue to consolidate the stable trend of the real estate market. The research group urged to accelerate the construction of safe, comfortable, green, and smart "good houses" to meet the new expectations of the people. Efforts should be made to stabilize expectations, activate demand, optimize supply, resolve risks, and push harder to stabilize the real estate market. Reporters learned that the research group held discussions with local governments, relevant departments, experts, scholars, and real estate companies, analyzed the operation of the real estate market in the first half of the year, conducted on-site inspections of ongoing and on-sale real estate projects, and widely solicited opinions and suggestions from relevant parties. It is reported that Guangdong and Zhejiang provinces have continuously expanded the effectiveness of real estate policies this year, activated the potential of housing consumption through various measures, vigorously promoted the construction of "good houses", and achieved year-on-year growth in the transaction area of newly built commercial houses in the first half of the year. The second-hand housing market remained active, the inventory turnover cycle of residential properties in major cities returned to a reasonable range, effectively stabilizing market expectations, and consolidating the stable trend of the real estate market. Guangzhou and Shenzhen actively promoted the implementation of urban real estate financing coordination mechanisms, with credit and financing amounts ranking at the forefront nationwide. Ningbo and Zhuhai implemented convenient measures such as "old-for-new" and "transfer with mortgage", organized promotion activities such as "Housing Fair" and "Good House Festival", effectively releasing housing consumption demand. Hangzhou adhered to demand-based and precision supply of land, established a mechanism linking land, housing, and money elements, and promoted the balance of supply and demand in real estate and market stability. The research group pointed out that in the face of the complexity of the domestic and international economic situation, various regions and relevant departments should resolutely implement the decisions and deployments of the Central Committee of the Communist Party of China and the State Council, vigorously promote the battle against housing difficulties, and effectively protect the legitimate rights and interests of homebuyers. By continuously implementing the "combination punching" of real estate policies, the total volume of new and existing home transactions nationwide increased year-on-year in the first half of the year, and the overall real estate market remained stable. The proportion of second-hand housing transactions gradually increased, with the volume of second-hand housing transactions in many provinces surpassing that of new homes, presenting new characteristics in the real estate market. This article is from Xinhua News Agency, edited by GMTEight: Jiang Yuanhua.