58 Anjuke Zhang Bo: Policy effects are gradually being released, and Shanghai's real estate market is expected to continue stabilizing and recovering

During the critical stage of nationwide real estate market stabilization and recovery, Shanghai launched the “Seven Policies” on February 25 to regulate the housing market. These policies focus on three core areas: purchase restrictions, housing provident funds, and property taxes. The goal is to stabilize the market, optimize supply, and improve circulation, helping to activate reasonable housing demand, facilitate replacement chains, ease existing stock liquidity pressure, and stimulate new market growth. While stabilizing the market, these measures also promote the industry’s transformation toward building “good houses” and high-quality development. Regarding these “Seven Policies,” Zhang Bo, Director of 58 Anjuke Research Institute, believes they precisely empower three genuine demand groups: first, the initial purchase demand within the outer ring for new residents and talents; second, the improvement and additional purchase demand within the outer ring for long-term Shanghai residents; third, the upgrade and replacement demand of Shanghai households. These three demand groups are core and reasonable market needs, which will effectively activate the vitality of new and second-hand home transactions in Shanghai, alleviate liquidity pressure in the second-hand market, and steadily increase transaction volume. (Xinhua Finance)