This year is doomed to be a hard year for Sanya housing sellers with the sharp plunge in trading volume for the second-hand housing market, reports sycb.cn.
 
Since a series of government house purchase limits were introduced to curb price hikes, many sellers who benefited from last year’s transactions have started to experience the lowest point.
 
With the decline in trade volume, Sanya’s second-hand house prices have also declined. According to a property salesperson, the second-hand housing price in the city’s center has dropped from the average 20,000 yuan per square meter to about 10,000 yuan per square meter.
 
The depression on the second-hand housing market has forced many sellers to quit the property market or seek other ways to weather the crisis.
 
Compared with the months of May and June, the prices for the house rental market is picking up. At present, many second-hand house sellers have begun to develop advertisements for house rentals.
 
According to insiders, the trade prosperity for Sanya’s second-hand housing market will keep cooling till the end of this year, which would lead the rigid demand into the wait-and-see situation. 
 
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Translated by WOS Team
 
 
 
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