After the reduction of foreign exchange, the RMB appreciated, so the house was more valuable.

After the appreciation of the RMB, the central bank will release water to stabilize the exchange rate, so that there will be more RMB in the market and the RMB will depreciate. At the same time, because there is more money, house prices will also rise. After the appreciation of RMB, foreigners will bring a lot of dollars and exchange them for RMB to wait for appreciation, and the money will be used for various investments such as buying a house and stock trading, and house prices will rise at this time.