Many Chinese investors favour funds and other investment products over property, according to the People’s Bank of China quarterly survey.
In a survey of 20,000 individuals in 50 cities across mainland China, only 16.5 percent listed property as their primary investment choice, a decrease of 7.1 percentage points from Q3.
Around 22.5 percent chose funds and other investment products, while 16.4 percent opted for bonds.
The survey also revealed that 46.2 percent of the respondents expect property prices to stay flat next year, while another 20.8 percent believe that prices will fall. Only 19 percent predicted home prices would increase.
Meanwhile, about 28.5 percent of respondents from Beijing expect the capital’s flat prices to drop, while 26.8 percent in Shanghai are bearish.
Only 13.9 percent of respondents across China stated that they will purchase a flat in the next three months.
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