UBS Analyst Sees China Home Slump Ending, With Prices Stabilizing in Rich Cities
Updated
Updated · Bloomberg · May 21
UBS Analyst Sees China Home Slump Ending, With Prices Stabilizing in Rich Cities
2 articles · Updated · Bloomberg · May 21
John Lam, the UBS analyst known for flagging China Evergrande’s risks early, now says China’s yearslong property downturn is losing steam and the market is turning a corner.
Lam expects home prices in wealthier cities to stabilize, secondhand home sales to rise and shares of some developers to surge as conditions improve.
The shift marks a reversal from Lam’s bearish stance last year, when he warned as home prices kept tumbling.
His call adds to a broader chorus of observers arguing that China’s prolonged property slump may finally be nearing an end.
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