China’s property slump nears its end

China’s housing slump is easing in top cities like Shanghai, where inventory turnaround saw levels fall from 20 to 12.5 months over the six months ending January 2025. S&P forecasts prices of new homes will remain flat this year and rise 1% in 2026 in first-tier cities, while prices in smaller cities may continue to decline. Recovery remains uneven and depends on sustained government support.