Floor Detected Under China’s Sinking Property Prices

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.


Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.