Homebuyer confidence growing
Market sentiment and transactions have jumped after the central and local governments announced a string of supportive measures to stabilize the property market in recent months
For Wang Miao and her husband, the National Day holiday last month was spent looking for new apartments in Hangzhou, capital of East China's Zhejiang province, instead of visiting the city's varied scenic attractions.
The couple had worked for two years in Beijing and, unable to afford a home in the capital, decided to relocate to Hangzhou a year ago after getting new job offers.
In fact, they had started to study the local home market even before moving in.
The efforts finally paid off, as they signed a purchase deal for an apartment in the city's downtown area a week after the holiday.
"I feel the home market is more promising in the second half, as housing policies are increasingly favorable to homebuyers. We can pay less down payment, get more loan from the personal housing provident fund, and enjoy a very low mortgage loan rate," the 29-year-old software programmer said.
