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Fitch sees no sharp rally in housing sales in 2015
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SALES of homes in China are not likely to rebound significantly next year as the home construction sector will remain stable, Fitch Ratings said in a report released over the weekend.
Home sales nationwide may fluctuate by between a 5 percent decline and a 5 percent rise in 2015, according to a Fitch forecast. Housing sales in 2014 are predicted to fall by around 10 percent, but not meaningful enough to cut housing supply.
Fitch said consolidation and restructuring will go on in the next 12 months, forcing out smaller and weaker developers.
The rise in housing prices will be limited, with more developers focusing on rapid asset turnover than preserving margins to maintain sufficient liquidity, according to Fitch.
The ratings firm also expects favorable onshore funding conditions for developers, particularly smaller industry players, next year. Fitch said curbs may be eased on developers’ onshore equity financing such as new share placements.
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