China property investment falls 10.3% y/y in January-April
BEIJING, May 19 (Reuters) - Property investment in China fell 10.3% in the first four months of 2025 from a year earlier, following a drop of 9.9% in the first quarter, official data showed on Monday.
Property sales by floor area shrank 2.8% in January-April from the previous year, after declining 3.0% in the first three months.
New construction starts measured by floor area were down 23.8%, versus a 24.4% slump in January-March.
Funds raised by China's property developers fell 4.1%, following a 3.7% drop in the first quarter.
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Daily Mail
33 minutes ago
- Daily Mail
Melbourne cottage dubbed the 'worst house on the best street' undergoes spectacular makeover - adding millions of dollars in value: 'It sold in just 11 days'
Melbourne 's inner-city suburb of Northcote has had its very own Cinderella story property glow-up, leaving both buyers and locals stunned. The unassuming weatherboard cottage, once dubbed 'the worst house on the best street', has just sold for $3.6million after an extraordinary architectural makeover. The original, humble two-bedroom home in Northcote was purchased over a decade ago for just $935,000, on a block of land that was far from charming. However, after an ambitious knockdown and rebuild, it's now one of the inner north's most enviable residences - and for good reason. The Melbourne couple who lived in the property from 2013 until 2023 decided to roll the dice and go big, demolishing the tired, outdated home and replacing it completely. 'I sold it to them in 2013 when it was just a little bungalow,' said Sam Rigopoulos, Director and Auctioneer at Jellis Craig Northcote in Victoria. 'That's until they knocked it over and built this new house a couple of years ago. 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The Independent
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Daily Mail
5 hours ago
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