BEIJING: China’s second-hand housing market regained some lost ground last month as the country eases financing and restrictions for home buyers, according to a report by the Beike Research Institute. In May, the sales volume of previously-owned homes in 50 cities rose by about 14% from a month ago, according to the report. Meanwhile, some cities in Northeast China and the Yangtze River Delta region saw sales more than double, it noted. Prices of pre-owned homes, however, fell 0.9% from April in the 50 cities, widening from the 0.3% decline last month, it said. The report estimates sales volume to further expand and prices to stabilise in the second half of this year.
