<img src='https://news.cgtn.com/news/2024-10-05/China-s-home-sales-rise-after-raft-of-measures-China-Media-Group-1xspFPkWVGw/img/ac4c4c9e76bf4dc896f1bdd9c041c349/ac4c4c9e76bf4dc896f1bdd9c041c349.jpeg' alt='A sales rep introduces a real estate project to customers in Taiyuan, north China's Shanxi Province, September 29, 2024. /CFP'
China’s home sales rose during the National Day holiday after a string of property stimulus measures to boost the country’s real estate market since late September, China Media Group (CMG) reported on Saturday.
During the week-long holiday period that started on Tuesday, the number of house visits, which reflects a willingness to buy a home, increased significantly while sales of homes in many places rose to varying degrees, CMG said, citing the country’s Ministry of Housing and Urban-Rural Development.
As of Friday, more than 50 cities introduced policies to boost the real estate market, while nearly 2,000 developments from more than 1,000 property companies participated in promotions, the ministry said, according to CMG.
(With input from Reuters)
