Construction Photography/Avalon / Contributor
- Land sales and home prices showed some improvement in China's property market, Reuters reported.
- Government land sales rose for the first time in two years, while prices saw their fastest rise since mid-2021.
- But Evergrande's liquidation could dampen confidence for a while, Fitch Ratings wrote.
Real estate in China may finally be nearing the end of a yearslong slide, with home prices and land sales demonstrating fresh strength, Reuters reported.
Average city prices rose 0.15% month-on-month in January, marking the fastest gain since mid-2021. Growth occurred in 49 of the 100 surveyed cities, slightly more than the 47 cities that saw growth in December.