Even as China’s home prices suffered their biggest annual fall in nearly four years in October, there are early indications the worst might have passed as property sales, investment and construction all show some signs of recovery.
For global investors who fear that a weak property market is the single biggest threat to the world’s second-largest economy, a bottoming in house prices could be the best news they get from China as the year draws to a close.
The housing market is still vulnerable and could sag again if policy support fades, a risk noted by Australia’s central bank this week, but some home buyers, brokers and developers are confident a shift is underway.
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