BEIJING (Reuters) – Real estate investment in China fell by 10.4 percent in the first 11 months of 2024 from a year earlier, after falling by 10.3 percent in the January-October period, National Bureau of Statistics data showed on Monday.
Real estate sales by floor area in the period from January to November fell by 14.3% from the previous year, compared to a decline of 15.8% in the period from January to October.
New construction measured by floor area fell 23.0% year over year, after a 22.6% decline in the first 10 months.
Funds raised by real estate developers in China fell 18.0% from a year earlier after a 19.2% decline in the January-October period.
