Caixin
Dec 02, 2022 09:28 PM
BUSINESS

China’s Housing Sales Could Rebound Next Year on Easing Covid Measures, Analysts Say

Cyclists ride past a residential development under construction on April 15 in Taiyuan, North China’s Shanxi province. Photo: VCG
Cyclists ride past a residential development under construction on April 15 in Taiyuan, North China’s Shanxi province. Photo: VCG

China’s housing sales could rebound in the second half of 2023 as the government eases its stance on Covid-19 and pumps financial aid into property companies, some analysts say. But the market still faces headwinds with low buyer confidence and insolvency risks for developers.

Policymakers this week began downplaying the threat of omicron and its subvariants in another sign they are looking to further relax tough restrictions. With this easing and the prospect of “zero-Covid” ending sometime next year, some economists see the housing market stabilizing, buoyed by an economic recovery and government support.

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