Many places have introduced policies to support "selling old and buying new", encouraging real estate companies or institutions to repurchase old houses and help replace them with new ones. Industry insiders said that the "old for new" policy will help shorten the "sell old and buy new" cycle and further activate the market.
Since 2023, Ningbo, Nanjing, Zibo, Nantong, Yangzhou, Haining, Jining and other places have launched "old-for-new" policies for replacement customers.