China's secondary housing market started to recover in the first quarter amid loosening credit and regulatory policies, according to a report by the Beike Research Institute.

贝壳研究院发布的报告显示，信贷宽松及地方调控政策放松下，一季度二手房市场升温。

In the first quarter, sales of previously owned homes in 50 cities rose by nearly 7 percent from the previous quarter, while sales in March saw a month-on-month increase of more than 40 percent, according to the report.
2022年一季度贝壳重点监测的50城二手房成交量环比增长约7%。成交量方面，市场在3月环比增速超过40%。

Market recovery has been uneven, with the Yangtze River Delta region seeing stronger growth momentum, the report noted, attributing improvements to falling mortgage rates and supportive policies from local governments.
报告称，市场呈现不均衡复苏态势，长三角区域恢复力度较强。住房信贷降息叠加地方支持性政策增多是支持市场复苏的关键因素。

In the second quarter, sales of secondary homes will continue to increase due to easing lending policies and more support from local authorities.
考虑到信贷环境及调控政策将进一步宽松，报告预计二季度成交量将继续回升。