China's 2020 Property Investment Rises by 7%
<span style="font-weight: 400;">China’s property investment rose more slowly in 2020 from a year earlier although the rate of growth remained robust, official data showed on 18</span><span style="font-weight: 400;">th</span><span style="font-weight: 400;"> January. </span> <span style="font-weigh
Published -
Jan 19, 2021 4:28 AM
China’s property investment rose more slowly in 2020 from a year earlier although the rate of growth remained robust, official data showed on 18th January. Real estate investment in China rose 7.0% in 2020 from a year earlier, accelerating from a 6.8% gain in the first 11 months of the year, stated the National Bureau of Statistics (NBS). But the growth rate was down from 9.9% in 2019. Property sales by floor area rose 2.6% year-on-year in 2020, faster than a 1.3% rise in January-November, the official data showed. New construction starts measured by floor area fell 1.2% in 2020 from a year earlier, compared with the 2.0% drop in January-November. Funds raised by China’s property developers grew 8.1%, up from the 6.6% growth seen in the first 11 months of the year.
Tags : INTERNATIONAL Real Estate Investment China Property Rise