Recently, several real estate experts have stated that second-hand home prices in certain Chinese cities have hit bottom and the market is gradually stabilizing. This assessment is primarily based on a modest rebound in transaction volumes, continued policy support, and an initial recovery in buyer confidence. Since the second half of 2021, second-hand home prices have been on a downward trend due to a combination of factors, including regulatory tightening, liquidity stress among developers, and weakening market expectations. However, in 2024, as local governments rolled out supportive measures—such as easing purchase restrictions, lowering down payment requirements, and reducing mortgage rates—market sentiment has shown positive signs. Particularly in first-tier cities and some strong second-tier cities, viewings and transaction cycles have notably improved, indicating a revival in housing demand. Experts note that while a broad price rebound may still take time, the phase of ‘trading price for volume’ appears to be nearing its end, suggesting the market has likely reached its bottom. For first-time and upgrade buyers, this could be a favorable window to enter the market. Nevertheless, experts caution that significant regional disparities remain, and investment decisions should be made prudently to avoid speculative overreach.
近期，多位房地产专家表示，中国部分城市的二手房价格已触底，市场正逐步企稳。这一判断主要基于成交量的温和回升、政策支持持续加码以及购房者信心的初步恢复。自2021年下半年以来，受调控政策、房企流动性紧张及市场预期转弱等多重因素影响，二手房价格持续下行。然而，进入2024年后，随着各地优化限购、降低首付比例、下调房贷利率等利好政策密集出台，市场情绪出现积极变化。尤其在一线城市和部分强二线城市，带看量和成交周期明显改善，显示出需求端正在回暖。专家指出，虽然价格全面反弹尚需时日，但‘以价换量’的阶段可能已经接近尾声，市场底部基本确立。对于刚需和改善型购房者而言，当前或是较为合适的入市窗口期。不过，专家也提醒，不同城市分化依然明显，投资仍需谨慎，避免盲目追高。
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