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Reuters

China’s April new home prices see slower gains – private survey

China’s April new home prices grew at a slightly slower pace compared with March gains, a private survey showed on Sunday, with policy-easing moves by local governments yet to significantly revive buying sentiment. New home prices in 100 cities rose 0.02% from a month earlier, easing from the 0.03% gain in March, according to survey data from China Index Academy, one of the country’s largest independent real estate research firms. More than 80 cities have taken steps to boost demand this year after the property market, a pillar of China’s economic growth, slowed sharply in 2021 due to Beijing’s crackdown on high leverage in the sector.

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