China's second-hand housing market recovers in May

0 Comment(s)Print E-mail Xinhua, June 5, 2022
Adjust font size:
An aerial photo of a residential community in Daqing, Heilongjiang province. [Photo/Xinhua]

China's second-hand housing market regained some lost ground last month as the country eases financing and restrictions for home buyers, according to a report by the Beike Research Institute.

In May, the sales volume of previously-owned homes in 50 cities rose by about 14% from a month ago, according to the report.

More than 80% of the cities surveyed recorded month-on-month upticks, while some cities in northeast China and the Yangtze River Delta region saw sales more than double, the report noted.

Prices of pre-owned homes, however, fell 0.9% from April in the 50 cities, widening from the 0.3% decline last month.

The report estimates sales volume to further expand and prices to stabilize in the second half of this year.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter