The housing slump persists despite recent policies that reduced down payments and interest rates.
Survey results show that over 80% of households remain hesitant or indecisive when it comes to their property purchase plans.
More than 80% of surveyed households remain unwilling to enter the market or unsure about doing so when asked about their property purchase plans, Morgan Stanley said in a Oct 10 research note, citing a recent poll of around 2,000 consumers. Chinese authorities have rolled out easing measures such as lower mortgage down payments and interest rates in recent months to end a housing slump that’s dragged on economic growth and exacerbated a debt crisis among developers.
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