Delivering Global Macro Investment Insights

DeSaque Macro Research

DeSaque Macro Research Limited was formed by Said DeSaque in April 2012 with the view to delivering global macro investment insights aimed at providing new ideas to clients.

Said DeSaque has over 26 years of experience working as a professional economist in financial services. Prior to establishing DeSaque Macro Research, Said held positions as Senior Economist at Robert W Baird and William Blair. He began his career as a graduate at PaineWebber in 1986, where he eventually became Head of the London Economics Department.

Said takes a very keen interest in international relations, along with their implications for economic development. His research interests include the economic transformation of China and its implications for global capital markets, particularly in the United States. He is a member of Chatham House in London.

The US economy and capital markets have historically been Said’s main focus of attention. He frequently presents his views to institutional investors in diverse geographic locations. In recent years, Said has also been carefully monitoring economic developments in Asia, particularly China and Japan.

Success of China's Stimulus Measures Hinges on Improvement in Labour Market Conditions

China Housing Stabilisation Delayed by Ongoing Structural Supply and Demand Shifts

Avoiding a Lost Decade: China’s Real Estate Adjustment Reaches Critical Juncture in 2024

Stabilising China's Residential Property Market Produces Unintended Consequences

China’s State Capitalism Created Real Estate Excesses and Limits Remedial Options to Reduce Stress

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>Beijing has announced a range of measures to stabilise China's housing market, including dealing with unsold inventory through government purchases and boosting demand via lower mortgage downpayments.</li>
<li>A return to the 2016-2020 boom in housing activity is unlikely, while an extended L-shaped period of healing appears to be a plausible baseline scenario.</li>
<li>Improvement in homebuyers' confidence will be crucial in achieving a market bottom, particularly lower concerns about the financial health of developers and non-delivery risks for new homes.   </li>
</ul>


Beijing has announced a range of measures to stabilise China's housing market, including dealing with unsold inventory through government purchases and boosting demand via lower mortgage downpayments.
A return to the 2016-2020 boom in housing activity is unlikely, while an extended L-shaped period of healing appears to be a plausible baseline scenario.
Improvement in homebuyers' confidence will be crucial in achieving a market bottom, particularly lower concerns about the financial health of developers and non-delivery risks for new homes.   


China's Housing Market: Heading Closer Towards an Eventual Bottom