Fine-tuned policies spark realty recovery
1 year, 2 months ago

Fine-tuned policies spark realty recovery

China Daily  

Potential homebuyers look at a property model in Taiyuan, Shanxi province. China's housing market led by first-tier cities is showing signs of regaining stability on the back of recent supportive measures, indicating the current downturn in home prices might have been checked for now, paving the way for a mild recovery, industry experts said on Thursday after reviewing the latest data. The decline in the average home price index has slowed in September, suggesting the series of policies on home purchases introduced since August have started to produce positive effects, said Yan Yuejin, director of the Shanghai-based E-house China Research and Development Institution. New home prices in 31 second-tier cities slipped 0.3 percent month-on-month on average in September, but grew by 0.2 percent year-on-year. "September data showed the decline in the home price index has been curbed with first-tier cities taking the lead in recovery," said Yan.

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History of this topic

China retail sales slow as consumers hold back, while home prices fall
1 week, 1 day ago

China retail sales slow as consumers hold back, while home prices fall

Associated Press  

BANGKOK — Chinese retail sales slowed in November and housing prices fell, the government said Monday, with demand still lackluster despite a flurry of stimulus measures over the past few months. “However, we must Retail sales rose 3% from a year earlier, down from October’s 4.8% increase and below the 3.5% annual rate in January-November. “China’s economy appears to have …

Preferential tax policies to boost home sales
Top News
1 month ago

Preferential tax policies to boost home sales

China Daily  

A building under construction in Shanghai. CHINA DAILY Preferential taxation policies unveiled by Shanghai and Beijing are expected to further enable the recovery of local real estate markets by lowering purchase costs and boosting market confidence, industry analysts said on Tuesday. "The policies, which are aligned with the central government's deployment, have shown the municipal governments' resolution in stabilizing the …

Preferential tax policies to boost home sales
1 month ago

Preferential tax policies to boost home sales

China Daily  

Preferential taxation policies unveiled by Shanghai and Beijing are expected to further enable the recovery of local real estate markets by lowering purchase costs and boosting market confidence, industry analysts said on Tuesday. The new policies will reduce personal income taxes and deed taxes in home transactions, which can make trading costs more reasonable and help in stabilizing market expectations," …

Preferential tax policies to boost home sales
Top News
1 month ago

Preferential tax policies to boost home sales

China Daily  

By WANG YING in Shanghai | China Daily | Updated: 2024-11-20 11:08 A building under construction in Shanghai. CHINA DAILY Preferential taxation policies unveiled by Shanghai and Beijing are expected to further enable the recovery of local real estate markets by lowering purchase costs and boosting market confidence, industry analysts said on Tuesday. "The policies, which are aligned with the …

Preferential tax policies to boost home sales
Top News
1 month ago

Preferential tax policies to boost home sales

China Daily  

A building under construction in Shanghai. CHINA DAILY Preferential taxation policies unveiled by Shanghai and Beijing are expected to further enable the recovery of local real estate markets by lowering purchase costs and boosting market confidence, industry analysts said on Tuesday. "The policies, which are aligned with the central government's deployment, have shown the municipal governments' resolution in stabilizing the …

Some curbs on buying in top cities to remain
1 month, 2 weeks ago

Some curbs on buying in top cities to remain

China Daily  

A view of a property project under construction in Yantai, Shandong province, May 12, 2024. In response, China's biggest cities, including Beijing, Shanghai, and Guangdong province's Guangzhou and Shenzhen, unanimously unveiled new policies to further free up the property sector late in September, with Guangzhou scrapping all existing home buying restrictions to become the first first-tier city to lift home …

China Housing Market Shows Signs of Recovery: First Positive Growth in 15 Months
1 month, 3 weeks ago

China Housing Market Shows Signs of Recovery: First Positive Growth in 15 Months

China Daily  

China's new and secondhand home transactions show signs of recovery, marking the first positive growth in 15 months. The combined transaction volumes of new and secondhand homes increased by 3.9 percent year-on-year in October, indicating a significant turnaround following eight months of consistent decreases since February. The real estate market in major cities may experience a 'mild winter' this year, …

China Residential Property Sales Rebound as Stimulus Boosts Buyer Morale
1 month, 3 weeks ago

China Residential Property Sales Rebound as Stimulus Boosts Buyer Morale

Live Mint  

China's residential property sales rose in October, marking the first on-year increase since 2024. The value of new-home sales increased by 7.1%, reversing a 37.7% slump in September. The improvement was driven by stimulus measures that eased borrowing costs and relaxed buying restrictions in major cities. However, analysts remain concerned about the sector's decline and the need for further policy …

Realty draws hope from data
4 months, 1 week ago

Realty draws hope from data

China Daily  

A residential property project is under construction in Hefei, Anhui province. The sector is required to implement the new measures well, aim to promote the stable and healthy development of the property market, digest the existing inventories, optimize the newly developed properties, actively support the acquisition of existing commercial housing for government-subsidized housing, ensure the delivery of residential properties and …

China's property market shows signs of warming despite price drop
4 months, 1 week ago

China's property market shows signs of warming despite price drop

China Daily  

A realty agent introduces a residential property model to a potential homebuyer in Hai'an, Jiangsu province. XU JINBAI/FOR CHINA DAILY BEIJING - Major Chinese cities saw home prices fall in July compared to the previous month, though the declines continued to narrow, aided by favorable policies, according to data from the National Bureau of Statistics released on Thursday. While those …

China’s biggest cities continue to ease home-buying policies
6 months, 3 weeks ago

China’s biggest cities continue to ease home-buying policies

Live Mint  

More of China’s biggest cities are easing home-buying policies, after top leaders recently signaled a shift to aggressive measures to resolve the country’s ongoing property crisis. “This policy easing reflect local governments’ echoing of central government and regulators’ rhetoric on May 17,” Morningstar analyst Jeff Zhang said, referring to a meeting of China’s top financial regulators that removed mortgage-rate floors …

Shanghai rolls out new measures to boost property market
6 months, 3 weeks ago

Shanghai rolls out new measures to boost property market

China Daily  

This photo taken on Nov 3, 2023 shows a city view of Shanghai at sunrise. Encompassing nine specific measures, the move aims to meet the diversified living needs of residents in an improved manner. Major measures include easing home-purchase restrictions further for non-Shanghai residents and divorced couples, allowing families with two or more children to purchase an additional home, and …

China rolls out new measures to fix its property crisis, spur growth
7 months, 1 week ago

China rolls out new measures to fix its property crisis, spur growth

Associated Press  

China announced a slate of fresh measures Friday to reinvigorate its ailing property industry after the latest data showed housing prices have slumped nearly 10% since the start of the year. He Lifeng, a vice premier, said officials would roll out policies to suit each city and “fight the tough battle of dealing with the risk of unfinished commercial housing.” …

This Week: Retail sales, housing starts, home sales
11 months, 1 week ago

This Week: Retail sales, housing starts, home sales

Associated Press  

A look at some of the key business events and economic indicators upcoming this week RETAILER CHECKUP The Commerce Department delivers its December snapshot of U.S. retail sales Wednesday. Retail sales, monthly percent change, seasonally adjusted: July 0.6 Aug. 0.7 Sept. 0.8 Oct. -0.2 Nov. 0.3 Dec. 0.4 Source: FactSet TRACKING HOME CONSTRUCTION New government data on residential construction should …

China’s economy shows sparks of life, despite persisting weakness in troubled real estate sector
1 year, 1 month ago

China’s economy shows sparks of life, despite persisting weakness in troubled real estate sector

Associated Press  

BEIJING — China’s economy showed more signs of reviving in October as retail sales and manufacturing picked up though the property sector remained sluggish, the government said Wednesday. Disruptions to manufacturing, transport, travel and virtually every other aspect of life during the pandemic ended nearly a year ago when China’s leaders abandoned their “zero-COVID” policies aimed at preventing infections. Overall, …

China's consumer prices flat in September
1 year, 2 months ago

China's consumer prices flat in September

China Daily  

Shoppers buy fruit at a supermarket in Shijiazhuang, Hebei province. China's consumer price index, a main gauge of inflation, remained unchanged from a year earlier, down from a 0.1 percent year-on-year rise in August, according to data released by the National Bureau of Statistics. Within the CPI, food prices dipped 3.2 percent year-on-year in September, compared with a 1.7 percent …

China may dodge deflation, after all
1 year, 3 months ago

China may dodge deflation, after all

Live Mint  

After a grim June and July, China’s main August economic data, released Friday, contained clear hints of improvement. All of this makes a protracted fall in consumer prices—which could trap China in a 1990s Japan-like cycle of falling prices and ultra-thrifty consumers—less likely. The services sector purchasing managers employment subindex, which plummeted in line with construction employment this spring, has …

China's new home sales sees sharp rise in March: Survey
1 year, 8 months ago

China's new home sales sees sharp rise in March: Survey

Hindustan Times  

China's new home sales rose sharply in March, as a slew of support policies boosted a pickup in demand across the board in 14 surveyed cities, a private survey showed on Monday. The sales of new homes rose 55.7% month-on-month, up from growth of 31.9% in February, according to data from the China Index Academy — one of the country's …

Pinched by housing downturn, Chinese families rein in spending
2 years, 3 months ago

Pinched by housing downturn, Chinese families rein in spending

Live Mint  

A two-decade boom in real estate made many Chinese families feel richer. “If more people suffer from income loss, the foundation that supports the bubble in the property market will be shaken," said 39-year old Ms. Tang, who works in the finance industry. As fears of declining home values deepen, more people will re-evaluate their spending and investment decisions, said …

More evidence that house price rises are slowing after January peak
2 years, 8 months ago

More evidence that house price rises are slowing after January peak

Dutch News  

There is more evidence that the rise in house prices is slowing, with the increase recorded in March down for the second month in a row. House prices for existing buildings were up 19.5% year on year in March, compared with 20.2% in February and 21% in January, when they reached a peak. Cooling breeze Earlier this month real estate …

More evidence that house price rises are slowing after January peak
2 years, 8 months ago

More evidence that house price rises are slowing after January peak

Dutch News  

There is more evidence that the rise in house prices is slowing, with the increase recorded in March down for the second month in a row. House prices for existing buildings were up 19.5% year on year in March, compared with 20.2% in February and 21% in January, when they reached a peak. Cooling breeze Earlier this month real estate …

2021年12月份商品住宅销售价格环比呈降势 同比涨幅回落
2 years, 11 months ago

2021年12月份商品住宅销售价格环比呈降势 同比涨幅回落

China Daily  

1月15日，国家统计局发布2021年12月份70个大中城市商品住宅销售价格变动情况。 图片来源：中国日报 China continued to see a generally stable housing market in December 2021, with home prices in 70 major cities showing slight month-on-month declines, official data showed Saturday. 2021年12月份，70个大中城市商品住宅销售价格环比总体延续四季度以来的下降态势。 New home prices in four first-tier cities -- Beijing, Shanghai, Shenzhen and Guangzhou -- edged down 0.1 percent month-on-month on average in December although price movements diverged, according to data …

China’s third-quarter growth slows to 4.9%, power shortage, slowdown in property sector add to woe
3 years, 2 months ago

China’s third-quarter growth slows to 4.9%, power shortage, slowdown in property sector add to woe

Firstpost  

Louis Kuijs of Oxford Economics said in a report that “ugly growth numbers” in coming months are likely to prompt Beijing to ease lending controls Beijing: China’s economic growth sank in the latest quarter as a construction slowdown and official curbs on energy use by factories weighed on the nation’s recovery from the coronavirus pandemic. The world’s second-largest economy grew …

China’s economic recovery is looking gloomier
3 years, 3 months ago

China’s economic recovery is looking gloomier

Live Mint  

Growth across a range of Chinese economic indicators pulled back sharply in August, as a new outbreak of the Covid-19 Delta variant and tighter government regulations on the property market hit consumer spending and the housing sector. Retail sales, a key gauge of China’s consumption, rose just 2.5% in August from a year earlier, down sharply from July’s 8.5% year-over-year …

First-tier cities tighten property policies
3 years, 8 months ago

First-tier cities tighten property policies

China Daily  

A real estate agent fields queries from prospective homebuyers at a shopping mall in Shanghai on Aug 1. In early February, Shanghai started to explore a score-based lottery system for housing sales, satisfying families without housing first as buyers far exceed the number of units on sale. Although the resale housing prices in China's first-tier cities still lead the country, …

House prices bounce in September, except for continued falls in Melbourne and Sydney
4 years, 2 months ago

House prices bounce in September, except for continued falls in Melbourne and Sydney

ABC  

House prices have fallen nationally over September, but rose everywhere except the two big markets of Melbourne and Sydney. Key points: National prices fell 0.1 per cent, but the only price declines recorded were for Melbourne and Sydney CoreLogic's Eliza Owen says ultra-low interest rates and improving consumer sentiment seems to be starting a rebound in property prices Regional areas …

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