China home sales recovers in Jan-Feb 2016

China’s real estate showed signs of recovery in the first two months of 2016, with total investments up 3% year-on-year, according to the National Bureau of Statistics (NBS). Investments in residential projects spiked 1.8% and accounted for two thirds of total investment in the sector.

Residential sales during the first two months rose as the authorities eased credit requirements to encourage home-buying. New home sales almost doubled during the January-February period.

Land purchase by property developers however, fell 19.4% in the first two months of this year. The January-February performance was a considerable improvement on the steep declines recorded at the end of last year.