Report: New home transaction volume in China's 50 cities narrowed year-on-year decline in January Beijing and Hangzhou property markets are more active. January is the traditional off-season for real estate market transactions.
However, with the recent further relaxation of home purchase policies in various places, the volume of house viewing inquiries and transactions will gradually pick up after the Spring Festival in February. In January 2024, the transaction area of new commercial residential buildings in 50 key cities in China was 12.33 million square meters.