Decline in house prices in China saw a slowdown in the rate during the month of March / March last, compared with the previous month, to increase this optimism about the stability of the real estate sector in China after the procedures and policies taken by the Chinese government to support the economy.

New home prices in 288 Chinese cities fell by 0.01% during the month of March / March last, a decline of 12 consecutive month, to come this fall lower than the previous reading was referring to a decline of 0.06% during February.

The index saw a drop offline for a whole year, but the monthly rate of decline began experiencing shrinking since the previous four months.

The Chinese government has on Monday to reduce the proportion of the required downpayment for the purchase of second home in China from 60% to 40% in order to help support the housing sector, which is witnessing stagnation in demand and a decline in prices.

China's central bank has cut interest rates during the month of November and February as well as lowering the reserve requirement for commercial banks in order to encourage lending to pump more liquidity in the financial markets in order to drive growth.

Projections indicate a further reduction in interest rates over the coming months, comes after the remarks of the President of the Chinese central bank which he pointed out that the growth rates have slowed down more than expected, but the decision-makers are going to face this, is noteworthy that the Chinese government aims to reach the rate of growth of 7 % during the current yearr