Beijing Home Buyers Still On the Sidelines

Developers and sales agents are optimistic about the rate cuts and prospect for rising sales, but buyers still haven't shown up— and Beijing will see 30 new projects hit the market in March. This month is also when real estate sales tend to pick up. This coming weekend will be the first since the rate cut and the first full post-holiday weekend.

As for the price movements, the Central Plains real estate chief analyst Zhang Dawei analysis more straightforward. He believes that after the drop quasi again cut interest rates, the impact on the real estate market will be very large. The central bank cut interest rates, a second-tier cities of the property market funds face will be significantly improved. Most likely the fall in home prices will stop, but it will not rise immediately. However, the four-tier cities because of excessive inventory absolute value, in this case, even if the credit stimulus, the possibility is not fully warmed up great.

iFeng: 3月北京30项目入市 楼市优惠减弱成交或爆发