bullish
China’s Property Market Has Bottomed Out, Top Developer Says
SUMMARY
- China’s real estate market has bottomed out and will recover slowly due to supportive measures from local governments
- Pre-owned home sales are rebounding as a result of cities relaxing their property policies
- Analysts predict final data will show housing sales increased month-on-month in June, after several months in which strict Covid lockdowns exacerbated the effect of an industry-wide liquidity crisis that started last year
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