Real estate
fromwww.housingwire.com
6 days agoThe housing market is fragmenting as local trends diverge
The housing market shows stability, but regional performance is diverging, affecting deal closures amid rising mortgage rates.
Regional performance remained uneven. Asia excluding Japan saw organic sales fall 4%, underperforming the group average as consumer spending in China remained subdued amid ongoing economic headwinds. Despite this, LVMH continued to invest heavily in the region, including the opening of a ship-shaped Louis Vuitton flagship in Shanghai in June 2025 and a new Dior store in Beijing in December, both of which have begun to gain traction.