China April property sales plunge 46.6%, fastest since at least 2010

BEIJING: China's April property sales by value fell at their fastest pace in at least 12 years as COVID-19 lockdowns further cooled demand despite more policy easing steps aimed at reviving a key sector of the world's second-largest economy.

In April, property sales by value slumped 46.6% from a year earlier, the fastest pace since at least 2010, and sharply widening from the 26.17% fall in March, according to Reuters calculations based on data from the National Bureau of Statistics (NBS) released on Monday.