15 Hrs
Source:
الاقتصادية
China housing prices slow decline raises recovery hopes
Data showed that the pace of housing price declines in China slowed in September, boosting hopes for a recovery in the struggling real estate market following the recent stimulus package. New home prices in 70 cities declined by 0.14%, compared to a 0.17% drop in August, while prices for resold homes fell by 0.26%. The government is implementing stimulus measures to combat the downturn that has lasted over five years, with expectations that 2027 could be a turning point for the real estate market in major Chinese cities, despite analysts describing the current recovery as limited. Although prices for non-new properties have improved across various segments, challenges remain due to weak liquidity and falling home prices, with forecasts indicating continued declines for several more years amid other economic factors.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)