China's home price decline slows amid recovery hopes
House prices in China experienced a slowdown in September, with new home prices declining by 0.14% compared to August's 0.17% decrease, and resale home prices dropping by 0.26%. This offers hope for a recovery in the real estate market, which has been struggling for over five years. The Chinese government has adopted targeted stimulus measures, including supporting mortgage loans and encouraging demand for smaller, more affordable properties, aiming to achieve an economic growth rate between 4.5% and 5%. However, Bloomberg analysts expect price declines to continue for another two years, with a recovery in major cities anticipated by 2027, as challenges such as falling prices and weak liquidity still hinder a swift rebound.
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