Yi Chengdong: In the future, there will continue to be room for growth in the sales of second-hand houses.

On the 16th, the National Bureau of Statistics released the "report card" for China's first quarter economic performance. At the "Analysis of the Economic Situation in the First Quarter of 2026" event held by China News Service on the same day, Professor Yi Chengdong of the School of Management Science and Engineering at Central University of Finance and Economics commented on the current real estate situation, stating that when looking at the real estate market, one should not only focus on new houses but also on second-hand houses. In recent years, the total sales area of new and second-hand houses has remained stable at around 1.5 billion square meters. Against the backdrop of the overall market decline, the sales area of second-hand houses has been increasing from 2023 to 2025, with the proportion of second-hand house sales exceeding half in 2025, signaling a new development stage in the real estate market. He pointed out that there is still room for growth in the second-hand housing market in the future, while sales of new houses may continue to decline.