Recently, with the double cut in deed tax and business tax, Ningbo second-hand housing market was invigorated. As sources from real-estate agencies suggested, many of them were expediting their business expansion. Around a certain residential area there were even 7 real-estate agencies.
A boom in the housing market attracted people to take up the profession of housing agency.
Mrs. Zhong rented a small room of about 10 square meters in Fuming Street where she had been selling chickens for over 20 years. Due to good quality and moderate prices, her store attracted many customers in the vicinity who then made her acquaintance and brought her a considerable income.
However, after the Spring Festival in 2016, customers were told that the store had changed its business. In the following days, Mrs. Zhong started to refurbish her store and finished just two days ago with a brand new appearance. A conspicuous sign hung above demonstrating its new business: real-estate agency.
I have planned this in the end of 2015, said Mrs. Zhong. She has many friends who are getting on quite well as middlemen in the housing market. As more and more favorable policies are released, her friends think they should seize the opportunity in 2016, one of whom then cooperates with Mrs. Zhong in the opening of a new real-estate agency after discreet deliberation. My friend is an experienced middleman. He has a good knowledge of the procedures of house transactions and useful resources, and I own a store that only needs some transformation. So the costs aren't very high. Mrs. Zhong is now learning from her partner about the business while gleaning information of available houses.
Real-estate agencies are expanding their business to gain superiority.
As the second-hand housing market warms up, a number of people with different careers gravitate to the business. Around a community named Liyayuan in Haishu District, there were 7 real-estate agencies, including The 21st Century, Nantian, Chengfa and the like with only a road lying between.
According to introduction, an increasingly vibrant market means business expansion for those agencies. Because on one hand, a better market will restore people's confidence and appeal to new practitioners. On the other hand, to obtain larger market share, agencies are required to open more stores to entice customers. Real-estate agencies will adjust the positioning of their stores with the delivery of finished houses, said Bai Wenxin, a marketing manager of The 21st Century Real-estate agency, Ningbo Division. He added that the expansion of real-estate agencies in 2016 will be more rational, following the changing market based on multiple factors like locality.
In 2016, Ningbo real-estate agencies all expanded their business to some degree. For example, Nantian Real Estate currently possesses 50 stores in Ningbo, with 3 more on the way. And The 21st Century Real Estate is also seeking for suitable sites for new stores with about 50 ones already established.
Stable prices put a brake on landlords' willful charge.
Xue Mingqiang, general manager of Nantian Real Estate, regards March as a month of great surge in demands. Policies at all levels spur the pickup in recent housing business.
Many agencies approved the mounting sales of second-hand houses, but negated exaggerations like business explosion and purchasing battle . A staff member in The 21st Century Real Estate showed several cases: one deal was clinched over a second-hand house in Zhuque Village at about 500,000. But as the new tax policy was released, the buyer refused to pay when the owner charged for 50,000 more. In another case, the landlord asked for 100,000 more than the original agreed price and then marked down 20,000 after the buyer rebuffed, to no avail. These deals all fizzled out. The house owners have changed their minds. They have high expectations which buyers fail to live up to, he said.
However, a change transpires in the house transaction cycle that diminished. Mrs. Tong, a veteran practitioner in this business explained that clients used to pick from ten to twenty houses and it generally took a month to conclude the deal. But now they only have four or five options and three days will be enough.
Statistics from several big second-hand house agencies indicate that except for some core areas, the price of second-hand houses remains generally stable.
Most recent headlines
11/12/2025
Dalet, a leading provider of cloud-native, end-to-end media workflow solutions, ...
06/12/2025
In a live broadcast from the Reagan National Defense Forum, L3Harris Chair and CEO Christopher Kubasik joined Morgan Brennan on CNBCs Closing Bell: Overtime. Ku...
06/12/2025
FORT LAUDERDALE, Fla. A new survey from Pixitmedia by Datacore revealed a major shift in the Media & Entertainment industry in media archiving, with 85% of resp...
06/12/2025
HACKENSACK, N.J. LiveU has announced that the national public broadcaster Czech Television has completed one of the largest LiveU live production deployments fo...
06/12/2025
NEW YORK The National Academy of Television Arts and Sciences (NATAS) presented the Excellence in Production Technology Emmy Award to NASA+ and Dr. Tom Leight...
05/12/2025
2025 Sports Broadcasting Hall of Fame: Curt Gowdy Jr. - Master Storyteller, Nati...
05/12/2025
SVG Sit-Down: Veritone's Sean King on the Power of Mining Video, Audio DataThe company's Data Refinery offers users total control and governance over da...
05/12/2025
Platinum White Paper: Inside the Nashville Predators' Unified, Flexible, Sca...
05/12/2025
Netflix Reaches Agreement To Acquire Warner Bros. Following Planned WBD SplitThe deal does not include WBDs sports assets like TNT Sports (US, UK, LatAm), Euros...
05/12/2025
FOX Sports Returns to Indianapolis for Primetime Broadcast of Big Ten Championsh...
05/12/2025
SVG Summit 2025 Preview: Digital Engagement & Monetization Workshop Tackles the ...
05/12/2025
Atlanta United Lights Up New Emory Healthcare Studio With First Live Broadcast f...
05/12/2025
As Messi Takes the Pitch, MLS, Apple, NEP Roll Out Largest MLS Cup Production Ev...
05/12/2025
ESPN Enters College Football's Most Intense Month With Elevated Workflows fo...
05/12/2025
It's about that time! Awards season is in full swing, and the Film Independe...
05/12/2025
Every year, Spotify Wrapped offers a personalized look back at the audio that defined your year. It's a snapshot of your listening habits, designed to tell ...
05/12/2025
In 2025, Spotify's EQUAL, GLOW, and RADAR programs celebrated women, LGBTQIA , and emerging artists who turned moments into milestones. From breaking record...
05/12/2025
In our latest blog, we explain how Wi-Fi 7 rollouts can drive consumer loyalty with value-add services such as consumer cybersecurity. We also explore how this ...
05/12/2025
LOS ANGELES Netflix announced it has entered into an agreement to acquire the assets of Warner Bros. for $82.7 billion....
05/12/2025
NEW YORK Nielsens Gracenote has launched Gracenote Content Connect, a new ad platform that provides agencies, brands, supply-side platforms (SSPs) and demand-si...
05/12/2025
NEW YORK In an most important update to the workings of deal-based programmatic advertising, IAB Tech Lab has released version 1.0 of its Deals API for public c...
05/12/2025
NEW YORK Pass the turkey. Pass the stuffing. Pass the cranberry sauce. All are common requests of Americans celebrating Thanksgiving Day with family and f...
05/12/2025
NEW YORK Iris, the new cloud-connected camera control platform, has officially launched with features that turn virtually any PTZ camera into a software-connect...
05/12/2025
HOLLYWOOD, Calif. Netflix announced today that it has entered into an agreement to acquire the assets of Warner Bros. for $82.7 billion....
05/12/2025
NEW YORK Iris, the new cloud-connected camera control platform, has officially launched with features that turn virtually any PTZ camera into a software-connect...
05/12/2025
WASHINGTON The Federal Communications Commission has approved AT&T's $1.02 billion acquisition of spectrum from UScellular in a decision that was issued sho...
05/12/2025
The Best Coldplay Songs: 21 Tracks That Shoot for the Stars From Yellow to Viva La Vida, Fix You to Paradise, this playlist goes back to the start.
December ...
05/12/2025
Zafris Lecture Series Brings Nabil Ayers to Berklee The 32nd annual James G. Zafris Distinguished Lecture series was held on Thursday, November 13, with guest...
05/12/2025
Introducing New Perks to Help You Get Even More from LinkedIn Premium Published on Dec 5, 2025 Categories: Company News, Product News
LinkedIn Corporate Co...
05/12/2025
Friday 5 December 2025
A new Game of Thrones Tale: Official trailer for Sky Exc...
05/12/2025
Back to All News
Don Lee, Lee Jin-uk, and Lalisa Manobal to Star in Netflix Act...
05/12/2025
Tis the season of giving once again and this year we've taken our Give Back Fridays' concept and turned it on its head.
In the autumn we were approach...
05/12/2025
Brayden Gogis doesn't remember a time when he wasn't completely fixated on games in all forms. In preschool, when they asked us to dress up as what we ...
05/12/2025
The Grinch steals the spotlight as the theme for The Late Late Toy Show 2025
Tune in tonight at 9:35pm on RT One and worldwide on RT Player
#LateLateToyShow...
05/12/2025
RT Announces New Presenters of Flagship News Programmes
New RT Six One News co-presenter Tommy Meskill
Sarah McInerney & Justin McCarthy join Morning Ir...
04/12/2025
ToolsOnAir Blackmagic Design HyperDeck Event Presets for just:in mac pro 2025 & ...
04/12/2025
ToolsOnAir AJA Ki Pro Event Presets for just:in mac pro 2025 & just:in linux
More Details:Starting with version 5.5, both just:in mac pro and just:in linux sol...
04/12/2025
Wangu Kanuri from Kenya and Godwin Asediba from Ghana are two of this years finalists for Thomsons Young Journalist of the Year Award. The pair are runners-up i...
04/12/2025
SVG Sit-Down: ProximaVision's Claudio Lisman on Why Tethered Drones Could Be...
04/12/2025
SVG Campus Shot Callers: Imry Halevi, Senior Associate Director of Athletics, Co...
04/12/2025
Platinum White Paper: LiveU Lightweight Sports Production: A Step Change in Spor...
04/12/2025
London to Riyadh: DAZN brings the boxing glamour to new production levels for Be...
04/12/2025
Analysis: Paramount bets on the battering ram' with Champions League play By Callum McCarthy, Editor-at-Large
Tuesday, December 2, 2025 - 10:12
Print ...
04/12/2025
Space City Home Network Launches SCHN DTC App for Astros and RocketsThe Rockets and Astros were previously the lone NBA and MLB teams without a DTC appBy Jason...
04/12/2025
SVG Summit 2025 Preview: Content Workflows Workshop Spotlights Evolution of Spor...
04/12/2025
New Sponsor Spotlight: Geotech's Patrick Wambold On the Unreal Engine Revolu...
04/12/2025
Curt Gowdy Jr. - Master Storyteller, Nationally and RegionallyBy Jason Dachman, Editorial Director, U.S.
Thursday, December 4, 2025 - 1:52 pm
Print This Sto...
04/12/2025
(L-R) Rebecca Lichtenfeld, Mohammadreza Eyni, Sara Khaki, and Judith Helfand att...
04/12/2025
SBS launches Future Frames initiative to support emerging First Nations video ed...
Recently, with the double cut in deed tax and business tax, Ningbo second-hand housing market was invigorated. As sources from real-estate agencies suggested, many of them were expediting their business expansion. Around a certain residential area there were even 7 real-estate agencies.
