From February 5th to February 8th, the CSI All-Index Real Estate Index accumulated **211%, CSI 300 cumulative **583%, market sentiment has picked up under the improvement of policies.
Before the holiday, Shenzhen optimized the purchase restriction policy, canceled the requirements for the settlement of local accounts and the social security individual income tax period, and changed the social security individual income tax period for non-local accounts to three to release more purchasing power. Up to now, the purchase restriction policies in first-tier cities have been optimized, and the number of units that can be verified and reduced by canceling purchase restrictions and stock leasing or listing above 120 square meters in Guangzhou; Beijing Tongzhou canceled the "double limit", and Shanghai relaxed the purchase restriction outside the single outer ring; Second- and third-tier cities have basically lifted purchase restrictions.
According to the statistics of the Shell Research Institute, the average daily number of second-hand house visits increased significantly during the Spring Festival, and the first-tier cities increased by 90% compared with last year's Spring Festival, only slightly lower than in 2021; Tier 2 cities increased by 180% and Tier 3 cities increased by 140%, both significantly exceeding those in 2023 and 2021. With the gradual implementation of demand-side policies in various places, the demand for housing in various places is also expected to be gradually released.
In addition, the continuous implementation of project financing loans for supply-side real estate enterprises is also expected to restore industry confidence, and the Financial Associated Press said on February 15 that the five major banks have currently docked more than 8,000 real estate financing whitelist projects. With the support of policies at both ends of supply and demand, it is expected that the fundamentals will continue to improve, and the opportunities for sector allocation may be optimistic.
This article was first published in the interpretation of the financial outlet, if there is **, please indicate the source.