In March, nearly 20,000 second-hand houses were sold in Beijing, reaching a new high in nearly 15 months.

The latest data released by the Beijing Municipal Commission of Housing and Urban-Rural Development shows that in March of this year, there were 19,886 second-hand housing transactions in Beijing, setting a new record for the highest monthly volume in the past 15 months. Industry insiders have stated that the real estate market often experiences a wave of increased transactions in the first quarter of each year, known as a "mini spring" market. Gao Yuan, the director of the Lianjia Research Institute in Beijing, stated that in the first quarter, families with more stable incomes, due to year-end bonuses, have stronger purchasing power than any other time of the year, making them more active in the market during this period. In the first quarter of each year, with the influx of first-time homebuyers, the overall performance and activity in the market is relatively high, following a seasonal pattern. For example, adjustments in purchase restrictions will inevitably qualify more potential homebuyers. On the other hand, the adjustment with the greatest impact is the fluctuation in mortgage interest rates. In Beijing, the interest rates for first and second mortgages have been aligned in the commercial loan sector, leading to a decrease in financial burden for certain households seeking loans to purchase property.