China's Property Market May Stop Falling In Q2

China's property market is expected to bottom out as early as the second quarter should a series of stimulus moves be implemented promptly and effectively, Securities Times reported citing analysts on Monday. Local governments have sought to support real estate by lowering mortgage rates and downpayments, which would bolster demand in first-tier and second-tier cities. But the uncertainties of the Covid situation, speculation of further declines in property prices, and concerns about the delivery of new houses will continue to curb home buying, so the recovery of the property market in most cities may take a longer time, it said.