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Improving Home Sales in China Signal Potential Recovery for Struggling Property Sector

share-iconPublished: Saturday, January 04 share-iconUpdated: Saturday, January 04 comment-icon11 months ago
News sources:
SCMP
Improving Home Sales in China Signal Potential Recovery for Struggling Property Sector

Credited from: SCMP

  • Home sales in mainland China surged by 86% in Q4 2024 compared to Q3, boosting hopes for a recovery.
  • In tier-one cities like Beijing and Shanghai, sales rose 35% year-on-year in December.
  • While new home sales declined by 23% in 2024, the rate of decline has eased.
  • The Chinese government is implementing measures to stabilize the housing market, including mortgage rate cuts.
  • Experts predict property prices may stabilize or rise, reaching levels similar to 2019 and 2017.

For further details, visit the original article here.

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China property Home sales Economic recovery Tier-one cities Real estate
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Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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