While travel returned to pre-pandemic levels, new home sales from April 29 to May 3 were down 22% from 2019, the year before Covid emerged, based on data from 40 cities. That signaled a still-sluggish housing market, industry experts said. Sales volume in the 40 cities came to 1.073 million square meters in the five days, up 25% from the Covid-depressed level of a year earlier, according to real estate research firm China Index Academy.

https://www.caixinglobal.com/2023-05-05/chinas-holiday-housing-sales-fall-22-short-of-pre-covid-levels-102042608.html

#caixinglobal