Fitch Ratings: China's Real Estate Collapse Could Extend Until 2025

According to Fitch Ratings, despite the Chinese government's stimulus efforts to boost demand, prices and sales remain weak, which means that the real estate crisis in China, ongoing for years, will extend into 2025. Wang Ying, Fitch's Shanghai director, stated that new housing prices in China, as measured by the country's official statistics bureau, are expected to decrease by another 5% next year, or remain roughly at this year's pace. Wang anticipates that new home sales will decline by an additional 10%. He noted, "The turning point for the real estate sector has not yet arrived. Whether the recent warming will continue faces significant uncertainty."