China's economic slowdown deters potential home buyers despite moves to bolster the sector
China’s measures to bolster its vast debt-riddled property sector are not helping ease the slump in its real estate market.
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China’s measures to bolster its vast debt-riddled property sector are not helping ease the slump in its real estate market.
The slump in China's property market is driven by more fundamental factors than the cost of borrowing.
China home prices fell for the fourth month in August - a further indication along with layoffs and rising debt of escalating economic malaise
Real estate agents have been calling Daisy Wu non-stop to get her to buy an apartment in the southern Chinese city of Shenzhen, but the 28-year-old said she was too worried about the slowing economy to consider making a purchase. Wu's concerns belie a raft of measures rolled out by the Beijing government this week to revive the economy and target the deepening crisis in its massive debt-riddled property sector which has been on the decline since 2021. The measures include lower mortgage rates for first-time homebuyers, but analysts warn that like Wu, the sentiment among many Chinese is ...
Real estate agents have been calling Daisy Wu non-stop to get her to buy an apartment in the southern Chinese city of Shenzhen, but the 28-year-old said she was too worried about the slowing...