China's home price decline slows in March-surveys

April 1, 2015 4:49 AM

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HONG KONG, April 1 (Reuters) - The rate of decline in Chinese home prices slowed in March from February, two private surveys showed on Wednesday, adding to hopes the housing market is stabilizing as Beijing enacts policies to bolster a faltering economy.

Prices of new homes in 288 cities fell 0.01 percent in March, the 12th consecutive drop on a monthly basis, a poll by property services provider Real Estate Information Corporation (CRIC) showed. The drop slowed from a 0.06 percent decline in February.

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