Chang­ing: No longer a mar­ket for sell­ers

China Daily (Hong Kong) - - BUSINESS -

coun­try-wide have been lower than the level two years ago. Con­struc­tion and in­vest­ment re­cover mildly and slowly, so even if the real es­tate mar­ket sees pres­sure, it would not de­cline as it did two years ago,” said Wang.

Real es­tate agents said they have ob­served that both home­buy­ers and pre-owned apart­ment sell­ers are be­com­ing more “ra­tional”.

“Buy­ers and sell­ers have both sensed that the mar­ket sit­u­a­tion is chang­ing. Pol­i­cy­mak­ers want to squeeze out bub­bles and cool down the over­heated mar­ket, and have dis­cour­aged many spec­u­la­tive buy­ers. Only those with a gen­uine need are look­ing to buy now,” said Luo Chuanhu, Shang­hai-based agent with HomeLink Real Es­tate.

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