S&P is already predicting China’s property slump will be worse than it expected this year

Key Points

S&P Global Ratings said China’s primary real estate sales will likely drop by between 10% to 14% this year, worse than the 5% to 8% decline for 2026 sales the firm predicted back in October.
“This is a downturn so entrenched that only the government has capacity to absorb the excess inventory,” the analysts said in a note.
S&P said it was particularly concerned that the price decline in China’s biggest cities worsened in the fourth quarter of last year.

Source

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