China property market to keep cooling into H1 2022 on tight curbs: Reuters poll

The property sector, a key driver of growth in the world's second-largest economy, has slowed sharply in recent months, with sentiment shaken by tight regulations and a growing liquidity crisis that has engulfed some of the country's largest and most indebted developers.Register now for FREE unlimited access to reuters.comAverage home prices are estimated to fall 1.0% in the first half of 2022, according to 14 analysts and economists surveyed by Reuters from Nov. 26 to Dec. 1.

"The downward trend in home prices has emerged" due to tight quotas on home loans, worries about a property tax and weak demand, said Chen Shen, an analyst from Huatai Securities. The expectation for the supply-side is also gloomy, with property investment seen dropping 3.0% in the first six months of 2022, versus a 15% rise in the first half of this year.

But most China watchers expect authorities to largely stick to curbs for now, even as they fine-tune regulations, including marginal loosening of credit policies.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here’s What Wall Street’s Biggest Banks Predict For Stocks In 2022—And What To Watch ForMost forecasts remain cautiously optimistic about the market’s prospects next year but warn of below average returns.
Source: Forbes - 🏆 394. / 53 Read more »

From Fintech’s Top Founders To Wall Street’s Best Dealmakers: 30 Under 30 Finance 2022Listmakers of the 30 Under 30 in Finance 2022 are entrepreneurs from fast-growing fintech and crypto startups and rising stars at Wall Street’s top firms.
Source: Forbes - 🏆 394. / 53 Read more »