Monday, May 18, 2015

China April home prices fuel hopes of bottoming out, but long road to recovery | Reuters

China April home prices fuel hopes of bottoming out, but long road to recovery | Reuters: "China's new home prices fell for the eighth consecutive month in April from a year earlier but were flat from March, adding to hopes that a property downturn which is weighing heavily on the economy is beginning to bottom out.

But analysts warned any recovery in the market will take some time given a huge inventory of unsold homes, and said the property sector remains the biggest risk to the world's second-largest economy, which looks set for its worst year in 25 years."



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