The Centaline Property Valuation Index (Major Banks) CVI rose by 8.04 points weekly, marking two consecutive weeks of increase
Yang Mingyi from the Central Plains Real Estate Research Department pointed out that this week the Central Plains Valuation Index (CVI) rose to 81.47 points, an increase of 8.04 points from last week, marking two consecutive weeks of growth. The hot sales of new properties have boosted market sentiment, with the CVI breaking 80 points for the first time since the end of October last year. Major banks have adopted positive mortgage policies, and the CVI has remained above 60 points for 16 consecutive weeks, indicating a steady rise in property prices. Although the market expects a slowdown in interest rate cuts, the decline in local interbank rates helps alleviate banks' funding costs. After the government fully withdraws measures by the end of February 2024, the transaction volume in the property market is expected to rebound, leading to a low-level rebound in the CVI
