China’s new home prices fall again in September as recovery stays elusive
Annual new-home prices fell 2.8% as policymakers tried to support smaller-city buyers and property investment and sales contracted faster.
9 Articles
9 Articles
China's new home prices fall again as recovery remains elusive
Prices in 70 selected cities dropped 0.14% compared to August, according to calculations made based on data released by the Chinese National Bureau of Statistics, after a drop of 0.17%.
In September, the main Chinese cities continued to see a reduction in total house prices on an annual basis. This is reported by the National Statistical Office (NBS) today.
The pace of decline in Chinese home prices slowed in September, raising hopes for a recovery in the struggling property market as the effects of the latest stimulus package began to take hold. Data released by the National Bureau of Statistics on Monday showed that new home prices in 70 cities, excluding government-subsidized housing, fell by 0.14%, compared to a 0.17% decline in August. Prices of existing homes also fell. […] The article “Slowi…
According to the National Statistics Office, new home prices in first-tier cities fell 0.5 percent year-on-year in September, slowing the rate of decline by 0.4 percentage points. Of the 70 cities, 17 saw a monthly increase in new home prices.
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