Reported about 1 month ago
A recent Reuters poll indicates that China's home prices are expected to decline more sharply than previously predicted, forecasting a drop of 8.5% in 2024 and 3.9% in 2025. The ongoing property crisis, exacerbated by reduced funding for developers and bloated inventories of unsold apartments, continues to suppress demand and consumer confidence. Despite government efforts to stabilize the market through supportive policies, analysts remain doubtful about reversing the downward trend in home prices.
Source: YAHOO