CRI听力:Chinese Housing Market Improves in October

The Mortgage sector in Beijing enjoyed month-on-month growth of 30% in October according to data released today by China Index Academy.

Data also reveals that from Oct. 19 to 25, residential property sales in Beijing and Shenzhen increased 18 percent and 36 percent, respectively, compared with last month.

Among the property market, land market and second-handed market has recovered the most.

Three main factors have caused this improvement.

Developers are more optimistic in their expectation of sales number, seeing more credit policy arranged by local governments.

Buyers see the slow growth of Chinese housing market, starting to make some actual purchasing instead of "wait and see".

There is another factor may be affecting the housing market, which is government policy.

Chinese government has launched an easing policy in response to a slowdown in the property market starting from the beginning of the year.

And now two months has passed since the official implementation of the policy.

For more on the Chinese housing market, I earlier spoke with Zhang Haiyun, a professor specialized in finance from University of International Business and Economics.