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.

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