Jinwu Finance | On June 17, Goldman Sachs released a report predicting that over the next few years, demand for new homes in mainland China will decline by 75% compared to the peak in 2017. The report指出 that due to population decline and the anticipated drop in housing prices affecting the investment atmosphere, demand for new homes in mainland China is expected to be 75% lower than the peak in 2017.
The report analysis indicates that as the population declines and urbanization slows, the demand for housing is decreasing. With homeowners selling vacant properties, investment demand in mainland China may turn negative. Over the next few years, the annual demand for new homes in urban areas of mainland China is likely to remain slightly below 5 million units, far lower than the peak of 20 million units in 2017.
