National Bureau of Statistics: The overall real estate market has moved forward towards stabilizing and recovering in the first half of the year.

date
15/07/2025
On July 15th, Deputy Director of the National Bureau of Statistics Sheng Laiyun stated at a press conference of the State Council Information Office that since the beginning of the year, various regions and departments have been implementing policies to stabilize the real estate market according to the central government's decisions and requirements. According to statistics, these measures have been effective. The overall real estate market is moving towards stabilization. Specific indicators include a narrowing decline in the sales of commercial housing, fluctuation in the prices of commercial housing in first, second, and third-tier cities but with overall less decline, improvement in the sources of funding for the real estate market, orderly progress in the debt financing of real estate enterprises, and a continuous decrease in real estate inventory for four consecutive months. Sheng Laiyun emphasized the fact that although the sales area and prices of real estate are still declining year-on-year, the process of stabilizing and transforming the real estate market is ongoing. He stressed the need to push for stabilization of the real estate market with greater force.