China’s prolonged property downturn could extend into 2027 with another 10 per cent decline in real home prices, as policymakers maintain a cautious stance despite mounting risks to the broader economy, Goldman Sachs said.
In a report on Wednesday, the Wall Street bank compared China’s property slump with 21 major housing busts from history in both developed and emerging markets, finding that such downturns typically lasted six years and involved a median real price drop of 30 per cent.
China’s…
Source : South China Morning Post
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