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China property market to keep cooling into H1 2022 on tight curbs: Survey

The property sector, a key driver of growth in the world's second-largest economy, has slowed sharply in recent months

Property prices in China have skyrocketed to unaffordable levels since private home ownership was introduced in 1998, and the government has faced an ongoing battle to control speculators.
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Reuters
China's property downturn is expected to continue into the first half of 2022, with home prices and sales falling as tight credit policies and a looming property tax dampen demand, a Reuters poll showed.

The property sector, a key driver of growth in the world's second-largest economy, has slowed sharply in recent months, with sentiment shaken by tight regulations and a growing liquidity crisis that has engulfed some of the country's largest and most indebted developers.

Forecasts for home prices and property investment were gloomier than the last poll in August.

Average home prices are estimated to fall 1.0% in

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)