What We're Showing
Two metrics related to China's "real estate crisis". The first looks at apartment and commercial property sales and the second is housing starts. Both metrics have seen multi-year declines and coupled with China's stock market woes, spells trouble for the nation's economy.
Things to Know About the Property Slump
Uncertain Future
Experts predict a prolonged downturn, with many people in the country souring on real estate as an investment.
Newly started residential buildings (millions sq meters) | |
---|---|
2002 | 276.5 |
2003 | 352.4 |
2004 | 390.0 |
2005 | 446.5 |
2006 | 531.8 |
2007 | 662.3 |
2008 | 695.4 |
2009 | 784.9 |
2010 | 1147.2 |
2011 | 1349.4 |
2012 | 1199.1 |
2013 | 1318.5 |
2014 | 1146.4 |
2015 | 970.8 |
2016 | 1047.8 |
2017 | 1160.9 |
2018 | 1385.4 |
2019 | 1514.5 |
2020 | 1473.4 |
2021 | 1350.2 |
2022 | 817.3 |
2023 | 637.4 |