Real Estate Sales Will Slowly Pick Up, Nomura Analyst Says

(Beijing) – The country's weakening property market may have turned a corner as sales are expected to slowly recover, an analyst with Nomura Securities said recently.

The drop in sales bottomed out in the second quarter, compared to the same period a year earlier, and the gap will narrow in the third, Gao Jianfeng, director of the securities firm's real estate research department, said on July 15.