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This week, a meeting of top Chinese leaders noted a “great change” in the relationship between supply and demand in the real estate market.
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According to Savills total investment volume for the second quarter of the year will be around €33bn, will represent a 57% drop compared to the same period last year.
Compared with June of last year, sales were 18.9% lower. That is the slowest sales pace for June since 2009.