BEIJING: China’s second-hand housing market regained some lost ground last month as the country eases financing and restrictions for home buyers, according to a report by the Beike Research Institute.

       In May, the sales volume of previously-owned homes in 50 cities rose by about 14% from a month ago, according to the report.

       More than 80% of the cities surveyed recorded month-on-month upticks, the report said.

       Meanwhile, some cities in Northeast China and the Yangtze River Delta region saw sales more than double, it noted.

       Prices of pre-owned homes, however, fell 0.9% from April in the 50 cities, widening from the 0.3% decline last month, it said.

       The report estimates sales volume to further expand and prices to stabilise in the second half of this year. — Xinhua