Home sales growth begins to taper off

China's real estate sector continued to recover in June but at a slower pace, the National Bureau of Statistics said on Monday.

According to the NBS, fewer cities saw month-on-month housing price increases and more saw month-on-month declines in June.

Fifty-five of the 70 large and medium-sized cities monitored by the NBS saw new home prices rise month-on-month in June, compared with 60 in May. Forty-eight cities saw a month-on-month existing home prices increase in June, down from 49 in May.