Review of China’s real estate market in 2021 and prospect in 2022 From World Bank
The following is the Review of China’s real estate market in 2021 and prospect in 2022 From World Bank recommended by recordtrend.com. And this article belongs to the classification: Chinese economy, research report.
Recently, worldbank released the review of China’s real estate market in 2021 and outlook for 2022. According to the report, in 2021, the sales volume of newly-built commercial housing in China was 18.20 trillion, with a year-on-year increase of 4.9%, the sales area was 1.761 billion m2, with a year-on-year increase of 2.6%, and the annual average sales price was 9858 yuan / m2, with a year-on-year increase of 5.9%. On the whole, the volume and price rose together, steadily improving. The area of commercial housing for sale in China is 499 million square meters, basically the same as last year; The newly started area was 2.24 billion m2 and the completed area was 910 million m2, with a year-on-year decrease of 1.2% and 4.9% respectively.
Looking forward to 2022, the report summarizes the trends of the real estate industry as follows:
On the macro level, the recurrence of the epidemic has increased the uncertainty of global economic recovery, accelerated the shift of overseas easing, faced multiple pressures on domestic economic development, and the word “stability” is in the forefront, and the real estate credit environment is expected to improve.
In terms of demand, residents’ leverage ratio is stable, and the demand for house purchase decreases. In addition, with the further reduction of mortgage interest rate, the demand of the real estate market is expected to recover slowly.
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