<p>Guangzhou's property market bottomed out on easing restrictions of mortgage loans in November, reversing the downward trend since the start of the second half of the year, mainland media reported.</p><p>The Chinese city saw a 36 percent month-on-month rise in firsthand residential transactions to 9,071 cases in November despite a 27 percent drop year-on-year, data from research firm China Real Estate Information Corp showed. The total gross floor area sold was 960,600 square meters, up 34 percent month-on-month. This marks the best monthly transaction performance in Guangzhou since the second half of the year.</p>
