Moody's: China property sales to slow, price growth to decelerate in 2017
|The US-based ratings agency, Moody’s Investors Service, came out with their latest outlook on the Chinese property markets as we progress towards 2017.
Key Quotes:
“National sales growth in China's (Aa3 negative) property market slowed to 38.3% year-on-year in October from 61.2% in September, and will continue to moderate following the government's implementation of tightening measures in late September and early October”
"The latest round of measures will likely also moderate property price growth in major cities where prices have been growing particularly fast”
"However, policies targeted at clearing inventory in lower-tier cities with high inventory levels will remain supportive of property prices”
“Spillover demand from tier 1 and 2 cities with purchase restrictions to nearby satellite cities will also benefit developers operating in those cities"
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