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Resumption of new home sales in the first half of the year but the general trend remains downward

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Housing
Par Batinfo source: AFP
Illustrative image - © pxhere - Public domain

The new housing market picked up in the first half of the year after lockdowns, but it has not returned to pre-crisis levels, continuing a decline that began several years ago, the Federation of Real Estate Developers (FPI) reported on Thursday.