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As Sales of new housing in China In value they fell 0.4% in the first quarter of 2025 compared to last year, according to data from the National Statistics Office (NBS).
The result, however, indicates significant improvement in the 17.6% drop observed in sales in 2024.
Constructions started-considering both residences and commercial properties-registered annual decline of 29.6% in January and February, before 23% reduction last year.
Os investments in the development of real estate projects, In turn, they showed annual contraction of 9.8% in the first quarter, lower than the 10.6% retreat in 2024.
