China's property sector in decline

This page hosts our key research on China's property sector. It explains our views on the latest policy interventions and whether they will succeed in the near-term in supporting sales and activity. But it also explains why the outlook for the sector will ultimately be determined by a set of formidable structural forces. We have cautioned clients since 2017 that the property sector had reached a turning point and that demand for new housing was likely to halve by 2030.

China's property sector in decline

Property construction correction has barely begun

Still unbalanced, still unsustainable

Property rescue efforts intensify

State taking a bigger role in homebuilding

Industry no offset for slump in property credit demand

Too soon to conclude property easing has failed

A major step-up in support

Country Garden is Evergrande-lite but worse-timed

Property stimulus tea leaves, BRICS expansion

How many global risks lie in China's Country Garden

China’s property sector is increasingly state-led

China’s weakness due to further slide in trend growth

More policy action needed to revive property sector

Peak homebuilding

A property tax could make up for fewer land sales

Property downturn deepens, triggering easing

Where might markets be wrong about Evergrande?

Property crunch will be followed by lasting decline

Evergrande circling the plughole

China Property Handbook