China's 2021 property investment rises 4.4% y/y

  • 1/17/2022
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BEIJING, Jan 17 (Reuters) - China"s property investment rose 4.4% in 2021 from a year earlier, slowing from a 6.0% gain seen in the first 11 months of the year, official data showed on Monday. Property sales by floor area increased1.9% year-on-year in 2021, slower than the 4.8% growth seen in January-November, the National Bureau of Statistics (NBS) said in a statement. New construction starts measured by floor area fell 11.4% in 2021 from the same period a year earlier, compared with a 9.1% drop in the first 11 months of the year. Funds raised by China"s property developers grew 4.2% from a year earlier, after increasing 7.2% in January-November.

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