- Analytics
- News and Tools
- Market News
- Moody's Investors Service says that China's property market will show nationally a slower pace of sales growth in 2017
Moody's Investors Service says that China's property market will show nationally a slower pace of sales growth in 2017
Moody's Investors Service says that China's property market -- after posting a record high in 2016 -- will show nationally a slower pace of sales growth in 2017 on the back of the government's tightened controls to curb property price growth.
"We expect nationwide contracted sales in 2017 will be largely flat or will see a slight decline from 2016, after buoyant growth that year," says Chris Wong, a Moody's Analyst.
Overall, national contracted sales (on a sales value basis) grew by 36.2% year-on-year to a record high of RMB9.9 trillion in 2016, driven by growth in both sales volumes and average selling prices.
"However, the growth pace in December 2016 slowed from that seen in the first three quarters of 2016 after the government implemented tightening measures to cool the sector from late September," adds Wong.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
