China has launched its largest stimulus effort since the COVID-19 pandemic to address economic challenges, including deflation.

This initiative is particularly focused on revitalizing the real estate sector, which constitutes about 25% of the country's economic activity.

As a result of these new property stimulus measures, home sales saw an increase during the recent National Day holiday.

During the week-long holiday, there was a notable rise in house visits, reflecting increased buyer interest and improved home sales across various locations.

The number of visits to promotional projects surged by over 50% year-on-year, indicating heightened consumer engagement in the real estate market.

More than 50 cities have implemented measures aimed at revitalizing the real estate market, with nearly 2,000 developments participating in promotional activities.

Specific cities like Guangzhou have lifted all restrictions on home purchases, while Shanghai and Shenzhen have eased restrictions for non-local buyers and reduced minimum down-payment ratios.

Supportive policies, including reduced down-payment ratios and mortgage rates, are part of the broader strategy to stimulate the real estate market.