A new survey of urban residents by the People’s Bank of China (PBOC) sheds light on the sentiments of the Chinese property market in the wake of the Evergrande Group debt debacle.
The survey by PBOC found that 16.8% of respondents expect home prices to rise in the first quarter of 2022, while 15.2% forecast declines.
56.7% of respondents do not anticipate any changes, while 11.3% said they could not be sure of price movements.
The survey conducted by PBOC in the fourth quarter of 2021 involved around 20,000 respondents in 50 cities throughout China.
