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Local residents look at a model of a Poly Real Estate Group housing project at a real estate showroom on May 25, 2023 in Sanya, Hainan Province of China.
Local residents look at a model of a Poly Real Estate Group housing project at a real estate showroom on May 25, 2023 in Sanya, Hainan Province of China.

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  • The International Monetary Fund said China's housing bust represents a historic collapse. 
  • Demographic changes and structural challenges could spark further declines in property values.
  • The magnitude of the collapse is among the largest seen in three decades, the IMF said. 

China's property crisis represents a historic collapse. 

Tags
economy, Real Estate, Markets, Markets, China, china-economy, housing-market, IMF, international-monetary-fund, real-estate, china-outlook, economy, Beijing
Source
China's housing bust is happening at 'a historically rapid pace' only seen in t…