Zhang Bo, Director of the 58 Anjuke Research Institute: Guangzhou is the first among first-tier cities to completely lift purchase restrictions, which is expected to unleash market demand, boost market confidence, and promote the stable and healthy development of the real estate market

The Guangzhou Municipal People's Government Office announced that starting from September 30, 2024, the city will completely lift the purchase restriction policy, allowing residents and singles to freely purchase houses across the city. Zhang Bo, director of the 58 Anjuke Research Institute, stated that this move will unleash market demand, boost market confidence, and promote the stable and healthy development of the real estate market. As the first first-tier city to fully lift the purchase restriction, Guangzhou's policy adjustment has significant demonstration significance, and is expected to stimulate housing demand and increase transaction volume