As the leverage ratio of the residential sector continues to decline, there are currently more and more people who are buying a house in full or taking out fewer loans. According to data recently released by the Guangzhou Real Estate Agents Association, since June of this year, the proportion of second-hand housing mortgage payments in Guangzhou has gradually decreased. The proportion of mortgage payments in June was 45.08%, the ratio of mortgage payments in July fell to 38.85%, and further dropped to 35.6% in August. According to data from the Shenzhen Shell Research Institute, the share of full second-hand housing transactions in Shenzhen reached 25.3% in the first half of the year, an increase of 6.3 percentage points over the previous year.

As the leverage ratio of the residential sector continues to decline, there are currently more and more people who are buying a house in full or taking out fewer loans. According to data recently released by the Guangzhou Real Estate Agents Association, since June of this year, the proportion of second-hand housing mortgage payments in Guangzhou has gradually decreased. The proportion of mortgage payments in June was 45.08%, the ratio of mortgage payments in July fell to 38.85%, and further dropped to 35.6% in August. According to data from the Shenzhen Shell Research Institute, the share of full second-hand housing transactions in Shenzhen reached 25.3% in the first half of the year, an increase of 6.3 percentage points over the previous year.