China’s real estate market has erased nearly two decades of inflation-adjusted housing price gains, with residential pr…
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China’s real estate market has erased nearly two decades of inflation-adjusted housing price gains, with residential property prices falling back to 2006 levels, down roughly 25% from their 2021 peak. Prices in major cities including Beijing and Shanghai have declined 8% to 12% from their all-time highs. The downturn was triggered by Beijing’s 2020 “Three Red Lines” policy, which restricted developer borrowing to curb speculation, leading major developers including Evergrande to collapse under…
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