Goldman Sachs predicts China's home prices will drop another 10% by 2027
Key Points
- Goldman Sachs predicts a further 10% decline in China's prop...
Goldman Sachs just delivered the kind of forecast that makes Chinese real estate developers reach for the antacids. After watching home prices tumble 20% over four years, their analysts are now predicting another 10% decline before this correction finally calls it quits around 2027.
When Your Growth Engine Becomes a Paperweight
China's property sector used to be the economic equivalent of a reliable Toyota Camry - not flashy, but it got the job done and kept the economy humming. Now it's more like that friend's car that's been "having issues" for three years straight. The numbers tell th...
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