POLL-China home prices to rise faster in 2020, but growth seen slowing as Beijing talks tough

By Lusha Zhang and Ryan Woo

BEIJING, Sept 29 (Reuters)China’s home prices are expected to rise slightly more this year than expected, though at a slower pace than last year, as Beijing shifts to de-leverage the sector amid an economic recovery, a Reuters poll showed.

The pick-up could offer much-needed support to the country as it emerges from a coronavirus-induced economic slump. But policymakers are conscious of a property bubble risk, with new restrictions rolled out recently to prevent sharp price rises and control financing activity by developers.

Average residential property prices are estimated to rise 4.8% in 2020, according to 13 analysts and economists surveyed from Sept. 21-29.

The forecast was firmer than a 3.75% gain found in a June survey, but down from 6.6% growth in 2019. Home prices are seen slowing to 3% in the first half of 2021.

Daniel Yao, head of research

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