What is Barclays' forecast for China's property market in 2025?

Barclays projects that China's property sales will decline by another 10% in 2025, following a significant 13% drop in 2024. This continued downturn reflects the persistent challenges facing China's real estate sector. In the worst-case scenario, analysts at Barclays suggest that the property crisis could extend until 2030, indicating a potentially prolonged period of market distress. This forecast has serious implications for China's economy, particularly affecting middle-class wealth and consumer confidence.