By love-89.com On October 8, the Guangxi Real Estate Association revealed a significant recovery in the region’s real estate market during the National Day holiday. Their tracking of 15 major real estate firms showed that property viewings reached an impressive 18,651 groups, resulting in 2,786 transactions that collectively totaled 281,458 square meters, with a sales value of 2.52 billion yuan. When compared to the same period last year, both visitor numbers and sales figures saw notable year-on-year increases.
In an interview, a representative from the Guangxi Real Estate Association provided insights on these figures, indicating that more than half of the 15 companies performed exceptionally well. Specifically, nine companies experienced a rise in visitor numbers compared to the prior year, and the same number saw an uptick in transaction volumes. Additionally, eight firms reported increases in both sales area and revenue from the previous year.
The spokesperson underscored the optimism reflected in the data, pointing out that some properties attracted daily visitor counts nearly three times higher than the weekends before September. Moreover, transaction volumes nearly doubled compared to last year’s Golden Week.
When asked about the factors influencing homebuyers’ decisions, the representative noted the appeal of well-designed floor plans, zero or negative shared areas, attractive landscaping, complete community amenities, and top-notch property management services.
Initial analyses of the market transaction data from the National Day holiday suggest that supportive policies are playing a crucial role in accelerating market stabilization and recovery. The government of the Guangxi Zhuang Autonomous Region is currently fast-tracking the rollout of housing renovation subsidy policies to ensure these benefits are implemented by the end of the year. There’s also a push to fine-tune city-specific policies related to housing tax rebates, subsidies for home purchases aimed at attracting talents, benefits for trade-in home purchases, and support via housing provident funds.
The Guangxi Real Estate Association representative emphasized a growing consensus within the industry. While acknowledging the ongoing challenges in market recovery, there’s a refreshing sense of confidence on the supply side, and buyer sentiment is shifting from a wait-and-see approach to active participation. October is anticipated to be a pivotal month for sustaining momentum and stability in the real estate market.