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China's Property Market Faces 2026 Decline Amid Price Drops

12/15/2025

Summary

Story summary

New-home prices fell 0.39% in November.
Resale values declined 0.66% in November across major cities.
Analysts forecast a harsher 2026 for China's property market, with Citigroup forecasting an 11% decline in national sales unless liquidity improves.
The government is considering mortgage subsidies and tax rebates to address rising anxiety among officials.
Investment in real estate development has plummeted by 30%, raising concerns about elevated bad debt for banks next year.

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Story summary

New-home prices fell 0.39% in November.
Resale values declined 0.66% in November across major cities.
Analysts forecast a harsher 2026 for China's property market, with Citigroup forecasting an 11% decline in national sales unless liquidity improves.
The government is considering mortgage subsidies and tax rebates to address rising anxiety among officials.
Investment in real estate development has plummeted by 30%, raising concerns about elevated bad debt for banks next year.