Fitch sees tighter H2 housing market

Updated 2017-07-04 10:04:33 Shanghai Daily

China's housing market will continue to cool in the second half due to stricter home purchase restrictions and tighter credit conditions, Fitch Ratings says in its latest report.

Weaker credit and tougher rules to curb the overheated market are likely to drag down home sales growth in the second half of this year while home prices are likely to fall slightly amid weaker demand, Fitch said.

Home sales will stall nationally, rather than fall, in the second half as the government is expected to take a cautious approach to avoid significant volatility.

Home prices in first-tier cities, where demand remains strong and land supply is tight, are expected to hold up better than lower-tier ones where demand is weaker and developers' housing inventories are higher.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58July 17 2018 14:13:16

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16July 17 2018 14:13:16

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18July 17 2018 14:13:16

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords