Since the housing bubble burst in China last year, prices have been in free-fall for eight months. However, some people see signs of a bottom after the latest prices for April were released.
The hopes stem from the fact that April prices were flat compared to March this year, as the average price in 70 cities dropped 6.1 percent compared to April last year. That prices would drop from April 2014 is hardly surprising, since that was about the peak of the market. In addition, only 48 cities posted declines in April compared to 50 in March.
