People walk along an overpass at the Sanlitun business area in Beijing on November 30, 2024. China’s housing market is in recovery mode after the government eased up rules limiting purchases. — AFP picas a first-time user . Exclusively for Malay Mail readers: Use codeBEIJING, Dec 1 — Prices of new homes in China rose at a faster pace in November, a private survey showed on Sunday, as a string of policies may be lending support to the ailing property market.
A prolonged downturn in the property market, which accounted for roughly a quarter of economic activity at its 2021 peak, remains a key drag on the world’s second-largest economy. Home prices are expected to fall at a slower pace this year and next, then stabilise in 2026, a Reuters poll showed, as the slew of support measures starts to bear fruit.