Chinese real estate investment down 10.6% from the previous year in 2024, sales area down 12.9% | Reuters

Chinese real estate investment down 10.6% from the previous year in 2024, sales area down 12.9% | Reuters
Chinese real estate investment down 10.6% from the previous year in 2024, sales area down 12.9% | Reuters

On January 16, China’s National Bureau of Statistics announced that real estate investment from January to December 2024 decreased by 10.6% compared to the same period last year. The photo shows a construction site in Beijing. Photographed in January last year (2025 Reuters/Florence Lo)

[北京 17日 ロイター] – China’s National Bureau of Statistics announced on the 17th that real estate investment from January to December 2024 decreased by 10.6% compared to the same period last year. In the January-November period, it decreased by 10.4%.

Real estate sales (based on floor space) were down 12.9% from the previous year, and 14.3% in the January-November period.

New construction starts (floor area basis) decreased by 23.0% from the previous year. This was the same as the decline from January to November.

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Funds raised by Chinese real estate developers decreased by 17.0%. It was down 18.0% from January to November.

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