A 2027 turning point? Goldman, Citi see stabilising signs in China’s housing market
As China’s housing market downturn enters its fifth year, global investment banks including Goldman Sachs and Citi say they expect the sector to pivot as soon as 2027, with expectations fuelled by signs of shrinking supply and robust sales over the National Day holiday in early October.
Citi holds a positive view on the sector and saw 2027 as a pivotal year for home price recovery in Beijing, Shanghai and Shenzhen.
Home prices in China hit their lowest point in June 2024, according to...
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