Real Estate
China Real Estate Showing Signs of Recovery After Slump
- Home sales, prices snapped losing streak of more than a year
- Investment continued to fall but at a much slower pace
A Chinese flag in front of residential buildings in Shanghai, China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China’s property market is showing some early signs of a stabilization this year after the government increased support for cash-strapped developers and loosened home purchase restrictions to counter a slump.
The value of housing sales snapped more than a year of falls to post a small gain in the first two months of this year, while prices of second-hand homes and most new housing in major cities rose in February for the first time since late 2021, data released this week by the National Bureau of Statistics showed.