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Mainland Chinese house prices expected to fall in 2022 as rest of world sees growth

Home prices are likely to grow in major markets across the globe in the coming year, according to property analysts.But there may be one notable exception: mainland China.In its latest Global Housing and Mortgage Outlook, Fitch Ratings predicts a decline of 3 per cent to 5 per cent in China’s home prices in both 2022 and 2023, a sharp reversal of the growth momentum seen in previous years. The credit ratings company predicts more developers defaulting on their loans and increased government…

Read the original article at South China Morning Post

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