China’s wobbly property market has kept investors on edge this year, but the country’s first rate cut in two years is expected to bring some stability into the all-important sector in 2015.
“Sales volumes will stabilize amid increased mortgage availability and improved buyer’s sentiment following various supportive policies including the recent interest rate cut,” Moody’s Investors Service wrote in its ‘2015 Outlook –China Property’ report.
Residential property sales are forecast to decline between 0-5 percent next year, a far slower pace than this year’s near-double digit fall. Sales plunged 9.9 percent on year in the first 10 months of 2014.
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