But a strong recovery is unlikely in view of an over-supply of unsold homes
Tue, Mar 03, 2015 - 5:50 AM
China's home prices fell again in February from January, but the pace of declines has slowed, suggesting that Beijing's loosening efforts may be starting to bear fruit, two private surveys showed. The drop in mortgage rates after two policy rate cuts totals 65 basis points.
CHINA'S second interest rate cut in just over three months will boost property sales and help stabilise weak house prices, but a strong recovery in the sector is unlikely given a glut of unsold homes, market watchers said on Monday.