(Bloomberg) -- China’s home prices fell at a faster pace in May, as the country’s most forceful efforts to support the property market took time to revive demand. China’s home prices fell at a faster pace in May, as the country’s most forceful efforts to support the property market took time to revive demand. Values of existing homes dropped 1%, the sharpest decline since at least 2011 when China started using the current data collection method. New steps are especially likely if the property market doesn’t improve further in the coming months, according to Goldman Sachs Group Inc. economist Hui Shan. Also Read: Can Indian real estate market face a crisis like China's Evergrande?

Source: Hindustan Times June 17, 2024 15:38 UTC