Fitch Ratings predicts a decline of 3 per cent to 5 per cent in China’s home prices in both 2022 and 2023. Photo: AFP
Mainland Chinese house prices expected to fall in 2022 as rest of world sees growth
- Housing shortages, moderate mortgage rates and rising construction costs are seen boosting home prices globally
- In China, the government is likely to implement even stricter measures to tame the property market, say analysts
Fitch Ratings predicts a decline of 3 per cent to 5 per cent in China’s home prices in both 2022 and 2023. Photo: AFP
