For Beijing-based real estate agent Xue, deals have bounced back over the past week in the wake of government measures aimed at propping up the country’s stumbling property sector and the broader economy.
“The inventory of available properties is decreasing daily,” said Xue, who asked to be identified by one name, adding there were signs that after a long period of falling prices, some homeowners were hoping to raise them again.
Xue’s upbeat prognosis was not universally shared — other agents reported little change in the market — but high-frequency property market data over the past week showed some increase in buyer interest in the country’s biggest cities, economists said.
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