Global housing market is holding up well despite the pandemic, Jefferies strategist says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

The global real estate space has largely held its own in the face of an unprecedented economic hit from the coronavirus pandemic, and that's been a boon for policymakers, says Jefferies' Sean Darby.

, were hit by a wave of volatility in September following the release of a leaked document that raised questions over the firm's liquidity position.Qilai Shen | Bloomberg | Getty Images

Asked if concerns over Evergrande were representative of the wider real estate sector in China, Darby said the firm is a "really isolated" case. "I think represents sort of the older style of managing a business," the strategist said. "There're a large number now of companies in China which are not debt-incumbered at all and indeed many of the state-owned or state-related property companies in China don't have much debt at all."

"I think the underlying property sales in China have been extraordinarily robust in the first six months after Covid-19 struck," Darby said, adding that the sector's strength has served as "insulation" for the Chinese economy.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

no surprise when you can borrow hundreds of thousands for the price of dinner in a good restaurant.

Artificially low interest rates certainly help. Good ol fashioned government interference!

RECOVERY! Create more JOBS & MANUFACTURING! Too Easy! Remove the LOCKDOWNS & MASKS. Go back to the way it was & ADMIT that the COVID 19 PANDEMIC which is less VIRULENT than the FLU & MAN MADE CLIMATE CHANGE are SCAMS.

It’s called supply and demand, kind of basic really!!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines