China’s housing sector has been a cause for concern recently, with the country’s Housing Minister Ni Hong announcing measures to bolster the struggling real estate market. These measures include increased lending for unfinished projects, aiming to provide a much-needed boost to the sector.
However, despite the government’s efforts, investors remain unimpressed, casting doubt on China’s ability to achieve its 5 percent GDP growth target for 2024. The lack of confidence from investors indicates the challenges that lie ahead for China’s property market, with uncertainties surrounding its recovery.
Meanwhile, in France, prices in the overseas department of Martinique are a staggering 40 percent higher than on the mainland. FRANCE 24’s Bryan Quinn explores the reasons behind this disparity, shedding light on the unique factors driving property prices in this region.
As China grapples with supporting its troubled property sector, and Martinique faces steep real estate prices, the global housing market continues to face challenges and uncertainties.
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Video “China pledges more support to troubled property sector, but disappoints investors • FRANCE 24” was uploaded on 10/17/2024 to Youtube Channel FRANCE 24 English