Property investment in China falls 10.4% year-on-year in Jan-Nov 2024, – Homevior


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BEIJING: Property investment in China fell 10.4% in the first eleven months of 2024 from a year earlier, after dropping 10.3% in January-October, National Bureau of Statistics (NBS) data showed on Monday.

Property sales by floor area in January-November fell 14.3% from a year earlier, versus a 15.8% drop in January-October.

New construction starts measured by floor area declined 23.0% on year, after a 22.6% drop in the first 10 months.

Funds raised by China’s property developers were down 18.0% from a year earlier after a 19.2% fall in January-October.

  • Published On Dec 16, 2024 at 04:00 PM IST



Source Homevior.in

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