CRI听力:Dalian Home Buyers Flock to Real Estate Fair

A series of policies issued by the central and provincial government recently have added impetus to the housing market.

At a real estate trade fair in Dalian in northeast China's Liaoning Province, many visitors said they would like to buy a home, if they can find something suitable.

"I'm going to improve my living conditions. I would like to change my small apartment for a bigger one. Now we have the money to afford a house, and also the loan rate has dropped a lot. Once I see an opportunity, I'm going to buy. In previous years, the policies were really strict and we couldn't buy a second home."

Many real estate developers at the fair say the housing market is bouncing back gradually while prices have remained comparatively stable since the new favorable policies were announced.

Chinese authorities last week lowered down payment levels for second home buyers to 40 percent from the current 60 to 70 percent.

The minimum down payment ratio for first-time home buyers who use the government's housing fund was also reduced from 30-percent to 20-percent.