{"id":639948,"date":"2026-08-16T10:10:18","date_gmt":"2026-08-16T10:10:18","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/639948\/"},"modified":"2026-08-16T10:10:18","modified_gmt":"2026-08-16T10:10:18","slug":"luxury-home-sales-rebound-in-mainland-china-but-overall-market-recovery-unlikely-analysts","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/639948\/","title":{"rendered":"Luxury home sales rebound in mainland China but overall market recovery unlikely: analysts"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Sales of luxury homes in mainland China\u2019s top cities are picking up as high-net-worth individuals, benefiting from the country\u2019s tech boom, splash out billions of yuan to improve their housing.<\/p>\n<p>The buying binge has sparked expectations of a broad market recovery after <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/business\/banking-finance\/article\/3348255\/rising-second-hand-home-sales-offer-tentative-signs-floor-chinas-property-slump?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">a six-year property slump<\/a> across the country, according to brokers.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">But analysts said such homes represented just a small portion of the mainland\u2019s property industry, with increasing sales and higher prices not enough to turn the overall real estate sector around.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cMost middle- and low-income people are still taking a cautious stance on homebuying,\u201d said You Liangzhou, the owner of the Baonuo property agency in Shanghai. \u201cIt is too early to conclude that a full-scale recovery has taken shape.\u201d<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">China\u2019s real estate sector and related industries, such as home appliances and construction materials, account for about a quarter of its economic output.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Limits on developers\u2019 ability to borrow money that were introduced in mid-2020 led to a property crisis. A wave of defaults by the mainland\u2019s largest developers, such as China Evergrande Group, since 2021 has been a major stumbling block to growth of the world\u2019s second-biggest economy.<\/p>\n","protected":false},"excerpt":{"rendered":"Sales of luxury homes in mainland China\u2019s top cities are picking up as high-net-worth individuals, benefiting from the&hellip;\n","protected":false},"author":2,"featured_media":639949,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[174],"tags":[79,8736,179,18,270709,19,17,270708,270711,270710,205719],"class_list":["post-639948","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-deepseek","tag-economy","tag-eire","tag-homebuying-binge","tag-ie","tag-ireland","tag-premium-and-luxury-homes","tag-promising-tech-start-ups","tag-property-market-recovery","tag-tech-boom"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/117104648265515535","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/639948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=639948"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/639948\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/639949"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=639948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=639948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=639948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}