Second consecutive home price increase in China

 

China's real estate sector showed signs of stability in March as home prices increased for the second consecutive month.  The country's economic recovery post-pandemic depends on the sector's strength.  According to the National Bureau of Statistics, home prices in 70 cities saw a 0.44% MoM increase in March after increasing 0.3% in February.  Experts believe the housing recovery momentum would be difficult to sustain as sales activity has weakened in smaller cities.  They expect buyer interest to decrease if developers decide to increase prices later this year.  In some smaller cities, authorities are considering relaxing purchasing restrictions like allowing families with more than one child to buy more than one home.