Real Estate Market Warming Up in Wake of Rate Cuts

Developers are cautiously raising prices in some areas after the rate cuts spur marginal buyers to jump into the market.

In the existing home market:

According to reports, on Saturday (November 22, the day after the rate cut) realtor 我爱我家 offices in Beijing, Shanghai, Tianjin, Taiyuan, Nanjing, Hangzhou, Suzhou, Wuhan, Changsha, Nanchang, Chengdu and Nanning saw traffic rise 50% or more, while those signing contracts increased by 5%.

央行降息楼市沸腾：房企谨慎涨价购房者恐慌