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Under the impact of the epidemic, the transaction volume of the property market in February almost fell to a freezing point, the largest decline in nearly a decade.
According to the latest monitoring data, only 2.
4 million square meters of newly built commercial residential buildings in 27 key cities across the country were sold in February, a drop of 83% month-on-month and 77% year-on-year.
Wuhan and Chongqing, which have been greatly affected by the epidemic, have even seen zero transactions in February due to the lack of willingness of buyers to impose restrictions on the opening of sales offices.
With the sharp decline in transaction volume in the real estate market across the country, the sales performance of real estate companies in February also plummeted.
According to the latest monitoring data, only 2.
4 million square meters of newly built commercial residential buildings in 27 key cities across the country were sold in February, a drop of 83% month-on-month and 77% year-on-year.
Wuhan and Chongqing, which have been greatly affected by the epidemic, have even seen zero transactions in February due to the lack of willingness of buyers to impose restrictions on the opening of sales offices.
With the sharp decline in transaction volume in the real estate market across the country, the sales performance of real estate companies in February also plummeted.
