Global banks turn bullish on China's housing sector as April sales rise
Updated
Updated · South China Morning Post · May 1
Global banks turn bullish on China's housing sector as April sales rise
10 articles · Updated · South China Morning Post · May 1
Bank of America said primary home sales across 30 key cities rose 3% year on year in the first 18 days of April.
The bank said recovery signs were becoming more sustainable, citing stable rents in Shanghai and Shenzhen, improved affordability after prices fell more than 30% since 2021, and fewer secondary-market listings.
Analysts and agents said momentum was spreading from secondary to primary sales, especially among entry-level and first-upgrade homes, after a five-year property downturn.
Are China's property 'green shoots' a real recovery or a prelude to a Japan-style lost decade?
After losing trillions in household wealth, can Beijing restore faith in property without creating another massive bubble?