Blogs
January 21, 2021
China's housing market bounces back from pandemic
Our chart shows the resilience of Chinese property in the secondary market.
In-house blogger
Guest blogger
Laraine Yuan
,
International Account Manager - APAC
Macrobond
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Editor:
As our chart shows, sales of homes in China’s secondary market shot right back up just one month after plummeting in response to the COVID-19 crisis. Not only that, but volumes have since continued to climb – along with prices! This is especially true for residences in the most urbanised and economically developed areas – so-called tier-1 cities such as Beijing, Shanghai, Guangzhou and Shenzhen.
Property analysts say Chinese investors view housing as a safer bet than stock markets or overseas assets. As the pandemic threatens a global economic downturn, can we expect demand to intensify? And how much more can prices rise before the bubble finally bursts?
