Wall Street bank says home prices ‘could see another 10 per cent correction before stabilising around 2027’
In a report on Wednesday, the Wall Street bank compared China’s property slump with 21 major housing busts from history in both developed and emerging markets, finding that such downturns typically lasted six years and involved a median real price drop of 30 per cent.
China’s real home prices have fallen by about 20 per cent since late 2021, and they “could see another 10 per cent correction before stabilising around 2027 if China follows a typical housing bust path”, Goldman Sachs economists including Hui Shan said.
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