Home sales in China expanded for the second consecutive month in May, aided by a slew of monetary and property easing measures in the past few months, notes BofAML.
Sylvia Sheng and Xiajia Zhi of Bank of America Merrill Lynch in their June 24, 2015 research report titled: “China: green shoots in housing market” anticipate home sales momentum in China to remain robust in June.
Robust home sales growth momentum in May
According to the BofAML analysts, Chinese housing market is showing some signs of recovery in May, though significant divergence exists. They note average new home prices rose in month over month terms in May, reversing the downward trend in previous months. The analysts note there were also modest improvements...
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