Pictured here is a construction site of property developer Hongkong Land, in Shanghai on Nov. 4, 2024.
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China’s home prices are expected to fall at a slower pace this year and next, and stabilize in 2026, a Reuters poll showed, as a slew of support measures to reverse a years-long property slump start to bear fruit.
Analysts in the poll now expect home prices to fall 6.0% in 2024, versus a 8.5% decline tipped in a previous survey in August. In October new home prices fell the most year-on-year since 2015, but month-on-months falls have narrowed.
Prices are likely to dip 2.0% in 2025, and rise 1.6% in 2026 compared to 0.0% in the last survey.
China has been scaling up efforts to arrest the real-estate downturn that began in 2021, which has squeezed financing for local governments and discouraged home owners and businesses tied to a sector that once accounted for a quarter of the country’s…
