Home prices in China's 70 large and medium-sized cities remained largely flat month-on-month in June, with more cities reporting growth than declines, indicating the sector is well on track to stability as supportive measures introduced earlier to encourage rational demand are taking effect, industrial experts said.
Housing prices in 70 large and medium-sized cities across China declined at a more reasonable pace in May from the previous month thanks to a series of supportive measures to stabilize the market, and the sector's stabilization is coming soon, said industry experts.
Home price fall slows in May on supportive steps--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.
© Provided by Xinhua BEIJING, May 18 (Xinhua) China housing market continued to ease in April, with second-tier and third-tier cities seeing a decli