Hous­ing mar­ket seen cool­ing next year

China Daily (Hong Kong) - - BUSINESS -

China’s hous­ing mar­ket is ex­pected to cool in 2017 as gov­ern­ment mea­sures play a role in eas­ing mort­gage lend­ing growth and damp­en­ing price rises, rat­ings agency Fitch said in its lat­est re­port. “How­ever, we still be­lieve growth in mort­gage lend­ing could con­tinue to add to risks in the bank­ing sec­tor — with fast-grow­ing, mid-tier banks the most vul­ner­a­ble,” the re­port said. The re­port fore­cast that tighter prop­erty-mar­ket reg­u­la­tions will re­strain in­vest­ment de­mand in higher-tier cities, con­tribut­ing to a fall in hous­ing sales of 15 per­cent in 2017. A sharp cor­rec­tion in prices is un­likely, but only a small in­crease is ex­pected in Tier 1 cities, com­pared with a 24 per­cent

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