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The five-year housing market outlook, ... We asked several industry experts to peer into their crystal balls and give us their real estate forecast for the next five years. Here’s looking at you ...
As many as 300 million Chinese now living in rural areas are expected to move into cities in the next decade, according to the Ministry of Housing and Urban-Rural Development. It is crucial to monitor how urbanization will affect Chinese production and international trade in the 13th five-year plan and future five-year plans, as it will be a ...
New home prices in 70 major cities fell by 0.1% in September from a year ... in the housing market is hobbling China’s economic recovery. ... downgraded China’s growth forecast to 5% for 2023 ...
The International Monetary Fund (IMF) warned of a possible decline in China's property market. In a 2024 report, the IMF forecasted China's growth at 4.8 percent for the year, which is 0.2 percentage points lower than its July estimate. For 2025, growth is expected to be 4.5 percent. [115]
The housing market has been rapidly evolving. Home prices surged in 2020 as mortgage rates plummeted, and over the past couple of years, we've seen a slight cooling of the market as mortgage rates...
Construction of urban housing was a major undertaking. The country has shown a major shift in allocating funds and resources to housing their people, building over 5.5 million apartments between the years of 2003 and 2014 in China's cities. These construction projects assigned by the state influence the construction job market in China as well.
The sales market of siheyuan has also been booming in recent years. [2] A report in 2005 finds there are usually around 7,000 to 9,000 residential siheyuans that are on the market for sale, and many are generally priced at 7,000 to 10,000 yuan per square meter. [2] However, the prices vary based on the area and the market.
China's blue-chip CSI 300 index rose 2% and the yuan firmed following the report. The property sector has been in a deep slump for years hit by a debt crisis among developers.