Two Chinese megacities lift home purchase curbs to attract buyers yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Chinese Megacity Hangzhou, Home to Alibaba, Lifts All Home Purchase Curbs usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
New home prices in China are likely to fall this year due to limited effect of ongoing government support measures, a Reuters poll showed, with economists predicting the ailing market will need.
The poll, conducted Feb. 20-28, showed new home prices would decline 0.9% in 2024, versus 1.1% growth tipped in a previous poll in November. The property sector was once a key pillar of the world's second-largest economy but has lurched from one crisis to another since 2021 after a regulatory crackdown on high leverage triggered a liquidity crisis. "Progressive policy relaxation will reduce the market's sensitivity to policies, because homebuyers may worry that if new policies are introduced after purchasing a house, there will be a certain loss," said Fitch Bohua senior analyst Wang Xingping.
By Liangping Gao and Ryan Woo BEIJING (Reuters) - New home prices in China are likely to fall this year due to limited effect of ongoing government support measures, a Reuters poll showed, with economists predicting the ailing market will need more.