The housing market in China continues to experience a downward trend, with prices falling and sales dropping. According to data from the National Bureau of Statistics, housing prices in major cities fell by an average of 0.4% in December, marking the fifth consecutive month of decline.

The ongoing trade war with the United States, tighter lending regulations, and an oversupply of housing inventory are some of the factors contributing to the slump in the market. Additionally, the outbreak of the coronavirus has further dampened the market, as potential buyers are hesitant to make big financial commitments amid the uncertainty.

Investors are also wary of the market, with many opting to wait and see how the situation unfolds before making any significant investments. This has led to a decrease in new construction projects, further exacerbating the oversupply issue.

Despite efforts by the Chinese government to stimulate the market, such as reducing interest rates and easing lending restrictions, the housing market in China is expected to continue to decline in the near future.Experts predict that prices could drop even further in the coming months, posing challenges for both developers and buyers alike.