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S&P Global Ratings: End of China's Property Market Downturn in Sight

CNBC ·

  1. 1S&P Global Ratings stated that the end of China's multi-year property market downturn is becoming visible.
  2. 2Housing prices are projected to bottom out in the third quarter of 2028, with major cities like Beijing and Shanghai potentially recovering next year.
  3. 3As Chinese housing prices have fallen 22% from their 2021 peak, a decrease in supply is expected to be a key factor in price stabilization.

So what's the key point?

The downturn in China's property market is coming to an end. Housing prices are expected to reach their lowest point around the third quarter of 2028 before recovering.

Source CNBC · View original ↗

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