National Bureau of Statistics States that the Real Estate Market is still in the Late Stage of Adjustment

SHANGHAI, Mar 21 (SMM) - Fu Linghui, spokesman of the National Bureau of Statistics, said that this year, under the influence of a series of policies, the real estate market has undergone some positive changes, mainly reflected in the obvious narrowing of the decline in market sales. From January to February, the sales area of real estate decreased by 3.6%, which was significantly narrower than that of the whole year of last year. Sales prices also fell 0.1%, also narrowing significantly. At the same time, real estate companies are also improving in terms of funds in place and start-up investment. The real estate development investment in January-July decreased 5.7%. Judging from these circumstances, some positive changes have taken place. On the whole, the real estate market is still in the late stage of adjustment and is expected to gradually stabilise.