Home prices are likely to grow in major markets across the globe in the coming year, according to property analysts.But there may be one notable exception: mainland China.In its latest Global Housing and Mortgage Outlook, Fitch Ratings predicts a decline of 3 per cent to 5 per cent in China’s home prices in both 2022 and 2023, a sharp reversal of the growth momentum seen in previous years. The credit ratings company predicts more developers defaulting on their loans and increased government…
Source : South China Morning Post
Read more…Mainland Chinese house prices expected to fall in 2022 as rest of world sees growth















