China housing sales growth has slowed to 9.5% from January to April

The growth in sales of residential property in China in the first 4 months of the year slowed to 9.5% compared to the same period last year to 3 trillion 60 billion yuan amid tightening requirements in the field of mortgage lending. This is evidenced by the data of the National Bureau of Statistics of the People's Republic of China. According to the results of the first quarter, the indicator in annual terms increased by 11.4%. Investments in commercial and residential real estate for the period from January to April amounted to 3 trillion yuan, increased by 10.3%. In the first quarter, the growth rate was 10.4%. For 4 months of this year, the volume of construction started in the country grew by 7.3% in annual terms to 517 million 800 thousand square meters.

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