According to the latest Reuters poll of 14 analysts and economists surveyed, China’s property downturn is expected to continue into the first half of 2022.
Home prices are expected to drop 1.0% in H1 2022.
For 2021, home prices are now expected to rise 2.6%, down from a forecast of 3.5% in the last poll and following a gain of around 4.9% in 2020.
Property investment in H1 2022 to slump 3.0%.
Policymakers to largely stick with tough property curbs but make some tweaks.
Property tax pilot scheme to introduce in 2022.
USD/CNY was last seen trading at 6.3706, up 0.06% on the day.