China Data Insights_ Top-Tier Cities to Lead National House Price Recovery

29 November 2024 | 9:23AM HKT China Data Insights Top-Tier Cities to Lead National House Price Recovery n The housing downturn has extended into its third year, with no clear signs of bottoming out. Given that house price stabilization is crucial to restoring consumer confidence and aiding broader market sentiment, we examine in this note the National Bureau of Statistics (NBS) 70-city existing property prices data to explore regional patterns, investigate drivers of house price changes, and draw lessons fo ...