17:10 - 17.06.2025

---

June 17, Fineko/abc.az. Demand for new housing in China is expected to remain significantly below the peak in 2017 over the next few years.

ABC.AZ informs that Bloomberg writes about this with reference to the forecasts of Goldman Sachs analysts.

Experts believe that the world's second largest economy will face prolonged period of recession in the real estate market, which began back in 2021, when market sentiment was undermined by the difficulties of debt-burdened developers.

The demand for new homes is expected to be less than 5 million houses a year, which is significantly lower than the 2017 peak of 20 million houses, according to Goldman Sachs data.