Real-estate Agent Activity Increases

Real-estate agents in Beijing and Shenzhen have encountered strong market activity after tier one cities announced recent property market relaxation policies. One agent with nine years experience told Yicai new agency the boom in activity was unparalleled and his office had worked very late each day to cope with demand. Agents interviewed by Yicai said, although the spike in demand was welcome, the industry needed time to assess how long it would continue. Insiders noted they did not see any evidence of house prices increasing yet, but buyers were finding discounts harder to find. (Source: Yicai)