China new home prices rises accelerate in November, survey finds
BEIJING - Prices of new homes in China rose at a faster pace in November, a private survey showed on Sunday, as a string of policies may be lending support to the ailing property market.
A prolonged downturn in the property market, which accounted for roughly a quarter of economic activity at its 2021 peak, remains a key drag on the world's second-largest economy. Home prices are expected to fall at a slower pace this year and next, then stabilise in 2026, a Reuters poll showed, as the slew of support measures starts to bear fruit.
"Home prices are likely to continue to fall until corporate earnings in the real economy improve, thereby raising employment and the outlook for residents' incomes," Wang said, adding the company maintain its negative credit outlook on China's real estate market through 2025.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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