Shanghai’s second-hand home market is extremely hot, and it is very likely to lead the nationwide real estate market out of its slump.

Recently, the transaction data for Shanghai’s second-hand homes has been a bit shocking—especially on April 11, when the number of online contract filings reached 1,632 units, setting a new record high in nearly 5 years.
In early April, the daily average number of online contract filings was 822 units. In March, the daily average already hit 1,000 units. In the second half of April, the number of online contract filings may continue to surge.
In the past couple of days, I’ve been seeing videos from the Shanghai Housing Transaction Center—on-site it was packed with people, and I haven’t seen this kind of spectacle in a long time.
When we look outward, real estate markets around the world are all rising: the U.S. has been rising for over a decade; Australia has been rising for 4 years; Japan, South Korea, and Singapore—developed countries—are rising too. Developing countries such as Vietnam, Thailand, and India are also rising, and Hong Kong’s home prices have stopped falling and stabilized.
Gold, silver, and copper all saw a round of sharp surges, and the stock market has also jumped for nearly a year. In this great era of surges everywhere, it seems only China’s housing prices—failing to rise and instead falling—looks out of place.
Now even Goldman Sachs has started to change its tune, saying that in Shanghai and Shenzhen, housing prices will first bottom out and rebound by the end of this year; then, over the next three years, they will rise 5% every year.
Of course, there are also many people who don’t want housing prices to rebound—they hope prices keep falling, so it’s easier to get in.
I saw the most real comment from a netizen: “I’ve been talking down housing prices all along—so I could secretly get in. Now that I’m in, I’ll have to start talking it up.”
Take a careful look, everyone—there are still plenty of people who want to buy homes. #Gate现货衍生品双双冲进全球前三