China's property crisis is expected to continue until 2025, with prices and sales remaining weak despite government efforts to boost demand, according to Fitch Ratings.

Fitch predicts that new home prices will decline by around 5% next year, similar to this year's decline, as reported by China's official statistics bureau.

Wang Ying, Fitch's managing director in Shanghai, stated that new home sales are expected to decrease by an additional 10%. This ongoing slump highlights the challenges faced by China's real estate market, which has been experiencing a prolonged downturn with no signs of recovery in the near future.