0404 GMT - China's property market is likely to stabilize by year-end in high-tier cities, while it may take much longer in low-tier cities, Daiwa analysts write in a note. Easing of the property drag may partially offset the negative impact of U.S. tariffs, they say. The narrowing gap between investment returns and cost should provide China's property market with long-term fundamental support while more stimulus could be expected for the rest of this year to offset U.S. tariffs, they say. Daiwa's recent visit to three major cities in China's Greater Bay Area shows the property recovery is on an uptrend while not having fully bottomed out yet. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
April 17, 2025 00:04 ET (04:04 GMT)
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