Beijing China’s real estate market is on the move: On Friday, the National Bureau of Statistics reported that average new home prices in China’s 70 largest cities rose just 1.5 percent year-on-year in March 2022. This was the weakest increase in new home prices since the end of 2015. Analysts had expected an average increase of 1.9 percent.
The downward trend in the market continues for the eleventh month in a row. In February, the increase in prices was still two percent compared to the same month last year.
The reason for the slower rise in prices is a deep reform of the Chinese real estate sector, which has been going on for around a year and a half. In 2020, the regulators issued stricter financing rules for real estate developers in order to put an end to the increasingly daring corporate debt and the ever-rising real estate prices.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue