Prices of Chinese homes will grow at a slower pace next year, rising only about 5 percent annually, but the sales area will keep rising to a record in the absence of significant policy shifts and new external shocks, as well as a mitigated pandemic, a recent research report predicts.To get more news about China property market 2021, you can visit shine news official website.

China's property market will hold to reviving growth in 2021's first half. Central cities, metropolitan areas and urban agglomerations will see a better and even an overheating recovery, with a slower rebound in other cities, the results of a study the Chinese Academy of Social Sciences’ National Academy of Economic Strategy published yesterday project. The property markets in some Chinese cities may be in recession next year, though, it warned.

Covid-19 enhanced risk-aversion in real estate investments, but still hit the property market, per the report. Quick control of the pandemic, resumption of work and production, and economic recovery all helped the realty market’s revival, it noted. Easy monetary policy, a swift increase in land prices and households’ increased home price expectations and purchasing intention after the third quarter will push the prices steadily higher next year, per the report.

The whitepaper listed four kinds of places where real estate investment opportunities may be present. These are areas with concentrated population inflows, including megalopolises and the sub-centers of city clusters around large, medium and small cities and small towns, second-tier cities with large populations and developed economies and their surrounding cities, third - and fourth-tier cities in central and western China with large populations, faster economic development and convenient transport, and cities with unique environmental, cultural, tourism, leisure and elder care resources.

The V-shaped recovery in China's property market this year basically dovetails with expectations, per the report. The pandemic and the halt of work and production slammed the Chinese real estate market, but it staged a quick rebound to sell more residential and commercial housing area in the first 11 months than in the same time last year, with investment in property and housing development bouncing back to a mid to high level.

The government should collect property taxes in ”hot“ cities and in those with severe property speculation and improve the mechanism for ensuring rentals and purchases of subsidized houses, the report advised when addressing real estate-related risks.