China Housing Rally Fades Fast in Big Cities After Stimulus
- Major cities saw initial spurt that’s showing signs of fading
- Current supportive measures aren’t enough, analysts say
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A spurt of home sales in China’s biggest cities is losing momentum less than two weeks after authorities loosened mortgage restrictions, raising doubts over whether the steps are enough to revive the market before a crucial busy season.
While a dearth of official statistics makes it difficult to gain a comprehensive view, checks by industry watchers suggest that the rebound is fading in tier-1 cities.