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Property Market Chartbook, April 2022

Property market conditions are deteriorating as China faces new COVID outbreaks and continues to respond with lockdowns and other restrictions, reducing property sales. Average housing prices are now declining by 9% nationwide in Q1 2022 according to NBS data, the largest quarterly drop in history. Developers are facing a significant credit crunch from declining presales revenues. Conditions in Shenzhen offer some early hints of the scope of a potential sales rebound after lockdowns end.

Posted April 25, 2022
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