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China home sales slump 47% over May Day holiday vs 2023
China's average daily home sales during the major May Day public holiday sank 47 per cent from a year earlier, and were down around 30 per cent from pre-pandemic levels in 2019 for the same holiday period, according to a private survey on Monday (May 6). Home sales fell in 19 of 22 surveyed cities during the five-day May Day compared to the same period of 2023, and were down more than 60 per cent in mega cities of Guangzhou and Shanghai, according to data from the China Index Academy, one of the country's largest independent real estate researchers.Chinese authorities have been ramping up measures to prop up the ... (full story)
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- Posted: May 6, 2024 6:31am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,552
