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China's real estate market continues to struggle, with sales down 36.6% in the first nine months of the year and new construction projects plummeting by 42% since 2019. Analysts predict stabilization by late 2025, but caution that significant government support is needed to address liquidity issues and unsold inventories, or the downturn could extend for another three years. Despite recent measures, property sales are expected to remain subdued, with projections indicating a drop to around 8 trillion yuan by 2025, less than half of 2021's levels.
Edward Chan
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
China's real estate market faces prolonged downturn despite recent stimulus efforts
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00:43 30.10.2024
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