Second-hand housing market: "exchanging quantity for price", industry expects policy relaxation to speed up.

Although July and August are traditionally the off-season for the real estate market, the volume of transactions in the second-hand housing market in Shenzhen has had a good start since entering August. Data released by the Shenzhen Real Estate Intermediary Association shows that in the past two weeks since August, the volume of second-hand housing in Shenzhen has seen a slight increase, with 1216 units recorded last week, an increase of 2.7% compared to the previous week. However, the "feel" of market practitioners is different. "Second-hand houses with more flexible pricing rights can better reflect the actual situation of the real estate market." During interviews in Shenzhen's Luohu and Longgang districts, several experienced second-hand housing intermediary managers told reporters that the current second-hand housing market is still "trading volume for price", with only a few hot new communities, low-priced affordable housing, and high-quality school district housing maintaining a certain level of heat. The transaction volume of other properties still faces some pressure, and the relaxation of previous policies is starting to fade, with most buyers still waiting for new policies.