Continuing a decline in housing prices in China frustrated investors

reports Mehr News Agency , this year’s housing price was expected to be faster than previously estimated It had been declined and the growth was resumed in year 2, but at a speed of November. Analysts who participated in the new Reuters poll expect the Chinese real estate market to consolidate the long-term process due to high housing, descending demand and long-term population reduction, . At its height in year 2, this sector had a share in the country’s economy.

The poll showed that real estate sales are likely to decline more than November, while investment is expected to see a more gradual recession.
China took “historical” steps to consolidate its crisis-based property last year, including local governments to buy unproductive homes from debt developers.
However, these key measures have had little impact, and Beijing had been pressurized to find new solutions for the real estate sector, which analysts say should include direct purchasing of large-scale vacant tasks.

Tire Com, chief executive of Asia-Pacific rating at Fitch Ratings, says the sector still faces structural challenges, including large-scale housing inventory, employment uncertainty and low housing prices.

Analysts predicted a 4.9 percent decline in housing prices this year, deepening a 5 % decline in previous polls. They estimated prices to increase prices by 4.9 percent next year, against a 2.3 percent increase in November polls, with a 5 % increase in year 2.
The poll showed significant changes to housing prices fluctuations in cities and areas. According to S&P Global analysts, first -rate cities and some of the mainstream cities were expected to face a slight decline in housing prices and stabilize in year 2.

was also expected to decrease this year’s real estate, which is faster than the 5 % decrease in the previous poll. The possibility of a 5 % reduction in housing investment is projected to be forecast by a 5 % decline in November.