As for the price outlook -- home buyers and investors are hoping for a turning-point. But analysts say don’t be too optimistic.
Market data shows that growth in property prices may have slowed a bit but sales and investment in real estate development are still on the rise. Real estate experts say a turning point may simply be wishful thinking.
Other experts say prices are just coming down to more reasonable levels.
Industry insiders believe consumption in the past few years has released property demand and that’s not enough to sustain China’s property market for the next 10 years.
Experts also say declining property prices is a trend, no matter how credit policy changes, and won’t be significantly affected by economic cycles.