The headline financial exercise information for November is right here:
Extra now, deal with the property sector, information through Reuters reporting:
Property funding in China
fell 10.4% within the first eleven months of 2024 from a yr
earlier
- the autumn was 10.3% within the January – October interval
Property gross sales by flooring space in January-November fell 14.3%
from a yr earlier
- 15.8% drop in January-October
New building begins measured by flooring space declined
23.0% on yr,
- 22.6% drop in January-October
Funds raised by China’s property builders have been down 18.0%
from a yr earlier
- 19.2% fall in January-October
**
China’s property sector continues to be languishing:
An encouraging level on this information was that:
-
new
residence costs in 70 main cities
fell -0.2% m/m- which is the smallest lower in 17 months
- used houses fell -0.35% m/m
- smallest drop since Could 2023
