China’s property market is showing signs of recovery, though the rebound remains uneven. Major first-tier cities such as Shanghai, Beijing, Guangzhou and Shenzhen are seeing stronger home sales and stabilizing prices, while many lower-tier cities continue struggling with excess housing supply and weaker demand.
Shanghai has led the recovery, with second-hand home transactions in March reaching their highest monthly level since 2021. Activity remained strong in April, and prices have begun to stabilize.
Analysts say the rebound is being driven by first-time buyers and people upgrading their homes, helped by policy easing measures such as relaxed purchase restrictions. Improved rental returns compared with bank deposit rates have also made property purchases more attractive in major cities.
Credit : CGTN
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