The country seeks to reverse the recent slowdown in the sector by 2025; The focus will be on stimulating demand for housing
China’s Ministry of Housing and Urban-Rural Development has committed to maintaining efforts to stabilize the housing market and reverse its recent slowdown in 2025.
The focus will be on stimulating demand for housing through the full implementation of a set of policies aimed at meeting the needs of the population, whether in acquiring a first home or improving housing conditions.
The Chinese property market experienced positive momentum in 2024, driven by a series of pro-housing measures, such as lowering mortgage rates, lower down payment requirements, easing restrictions on property purchases, and improvements in land use and in fiscal and tax policies.
To sustain this recovery, the ministry plans to optimize the supply of housing, strictly restricting the expansion of new commercial developments and increasing the quality of properties.
Additionally, greater efforts will be made to expand the supply of affordable housing, offering more support to new urban residents, young people and migrant workers to meet their housing needs.
China also plans to step up its support for renovation projects for urban villages and dilapidated housing next year, further expanding the scale of these projects.
As part of efforts to establish a new development model for the real estate market, the country will also focus on increasing the supply of improved housing, with a focus on high-quality homes.
With information from .
