Housing market indicators are trending positively. Both industry consultants and analysts agree that China's property market has re-entered the recovery track and is on an upward cycle trend that will last for several years, provided that external factors do not disrupt the country's economic development.
In the previous issue, we mentioned that market participants are happy with the current housing market trend. However, when asked about market buying interest and sentiment, apart from cautious optimism, some expressed deep regret for this new round of rising cycle: "It's not as good as the previous housing bull market from 2009 to 2014!"
How hot was the last bull market that lasted for more than five years, and how fresh is it in the memory of these market participants? And can the real estate market, which is now starting to "rejuvenate", return to its original glory? What are the differences between these two real estate market upswing cycles?
