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Migrant Workers Boost Real Estate In Lower Tier Cities - Herald

CHINA PRESS
MNI (BEIJING)

Migrant workers returning to their hometowns will aid the real estate market recovery in 2023 as local governments promote policies to stimulate demand, according to the 21st Century Business Herald. The paper referenced several real estate exhibitions held during the Spring Festival, with authorities offering multiple incentives such as low down-payments and large discounts. The release of pent up demand following the easing of Covid controls, ongoing urbanisation, and migrant workers returning to their hometowns to settle were factors benefiting the property market recovery in lower tier cities, according to the paper.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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