The Impact of Policy Changes in the Real Estate Market on Residents Livelihood and Economic Recovery

After the COVID-19 epidemic, the economies of all countries have been hit hard and peoples lives have been seriously affected. Restoring the economy and helping people return to the standard of living before the outbreak have become urgent issues for the government currently. The purpose of this paper is to explore how the real estate industry can drive the economy and peoples livelihood that have been damaged by the epidemic, and analyze the impact of real estate on the national economy, the policies of real estate in recent years and their effects. It is concluded that real estate-related policies need to be changed, for instance, that the purchase restriction policy should be strengthened in first-tier cities, while people should be allowed to buy on demand in second- and third-tier cities. The cancellation of purchase restriction policies and the development of real estate market have a positive impact on economic recovery. The findings of this article are helpful for the government to introduce more appropriate policies and help people to explore the direction of economic recovery in the future