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Shanghai sees 36,500 second-hand homes sold in Nov

Nov 9, 2015 (China Knowledge) – Shanghai saw 36,500 second-hand homes sold in November, recording a record high in 2015, and representing an increase of 17.4% from the previous month. The average price of second-hand homes is RMB 25,402 square meters, up 2.9% month on month.

In the first eleven months of this year, the transaction volume of second-hand homes reached 345,000 deals in Shanghai, hitting a historical high.

The transaction increase is largely because of the release of the government's stimulus policies, such as tax cuts and preferential mortgage interest rate, etc, according to analysts.






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