Reported about 18 hours ago
A recent Reuters poll indicates that China's home prices will decline at a slower rate of 6% in 2024, with expectations for stabilization by 2026, as government support measures start to take effect. Analysts noted that although new home prices fell in October, monthly declines have slowed. Changes in property sector regulations, including lower down payment requirements and tax incentives, aim to boost demand, yet a wider consumer confidence crisis continues to challenge the market.
Source: YAHOO