BEIJING (Reuters) – Property funding in China fell 10.3% within the first ten months of 2024 from a 12 months earlier, after dropping 10.1% in January-September, Nationwide Bureau of Statistics (NBS) information confirmed on Friday.
Property gross sales by ground space in January-October fell 15.8% from a 12 months earlier, versus a 17.1% drop in January-September.
New development begins measured by ground space declined 22.6% on 12 months, after a 22.2%% drop within the first 9 months.
Funds raised by China’s property builders have been down 19.2% from a 12 months earlier after a 20.0% fall in January-September.
