CCTV News: With the continuous implementation of a package of policies in 2024, real estate sales have improved, and real estate market transactions have become more active. Let’s see the latest data from the National Bureau of Statistics.
In the fourth quarter of 2024, the sales area and amount of newly built commercial housing in my country achieved positive growth. Judging from the sales situation in 40 key cities monitored, the sales area and sales of newly built commercial housing in December 2024 increased by 0.3% and 4.1% year-on-year respectively. As rigid and improved housing demand continues to be released, the market supply and demand relationship has improved, and housing prices have stabilized.
Kang Yi, director of the National Bureau of Statistics, said that in December 2024, the sales prices of newly built commercial housing in 23 of the 70 large and medium-sized cities increased month-on-month, and the prices of second-hand housing in 9 cities increased month-on-month. Among them, the sales prices of newly built commercial housing in first-tier cities rose by 0.2% month-on-month, which is the first increase since June 2023.
The recovery of the real estate market has driven the improvement of related industries. In December 2024, the construction industry business activity expectations index rebounded for three consecutive months. As commercial housing transactions improve, the demand for decoration is gradually being released, and sales of furniture, building materials and other commodities have improved.
