Guangzhou secondary-market mortgage-funded share has fallen since June, from
45.08% in June to 38.85% in July and 35.6% in August, indicating a rising share
of all-cash buyers, Guangzhou Real Estate Intermediary Association data show.
Shenzhen data from Beike Research Institute show all-cash transactions accounted
for 25.3% of second-hand home sales in 1H 2026, up 6.3 percentage points YoY.
Guangdong housing policy researcher Li Yujia said accumulated savings among
long-time city residents now allow full-price purchases and that buyers are
using all-cash deals in part to repair household balance sheets when attractive,
high-value listings appear.
