Report: Transactions of resale homes in Sep dip 15%

Published: Oct 10, 2018 11:33

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Transaction volumes in Sep fell 11% from a year ago and stood at 52,000, in a survey of 10 cities

SHANGHAI, Oct 10 (SMM) – Transactions of resale homes fell 15% month on month in the traditional high season of September, in a survey of 10 major cities in China, showed data from property research agency E-house China R&D Institute.

Transaction volumes of resale homes in September fell 11% from a year ago and stood at 52,000. The market is expected to continue to cool in the fourth quarter, said Wang Jinzhao, a researcher at the institute.

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