Published 2 years ago

China property market slumps on developers' debt crisis, weak buyer sentiment

Summary by Ground News

China's property market problems are likely to worsen this year, with no growth in home prices seen for the full year, according to the latest Reuters poll. Property sales in April, by value, fell at their fastest pace in around 16 years despite more policy easing steps aimed at reviving the sector.

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Reuters

China property market slumps on developers' debt crisis, weak buyer sentiment

2 years ago·United Kingdom

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Channel News Asia

China property market slumps on developers' debt crisis, weak buyer sentiment

HONG KONG : China's property market, a key pillar of the world's second-largest economy, has weakened sharply in the past year as a result of a government clampdown on excessive borrowings by developers, and a COVID-19-induced economic slowdown.So far this year, more than 100 cities have taken steps to bo

2 years ago·Singapore

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IBTimes

China Property Market Slumps On Developers' Debt Crisis, Weak Buyer Sentiment

China's property market, a key pillar of the world's second-largest economy, has weakened sharply in the past year as a result of a government clampdown on excessive borrowings by developers, and a COVID-19-induced economic slowdown. So far this year, more than 100 cities have taken steps to boost home purchase demand via cuts in mortgage rates, smaller down-payments, and subsidies. However, the outlook remains bleak as the government enforces s…

2 years ago·United States

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