China Housing Market Shows Prolonged Price Downtrend in Latest Data

Friday, 15 March 2024, 09:42

The latest housing prices data from China's National Bureau of Statistics revealed ongoing declines in both primary and secondary market prices in February. This marks the 9th and 10th straight months of decrease in prices, indicating a continued slump in the housing market.
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China Housing Market Shows Prolonged Price Downtrend in Latest Data

China Housing Prices Update

The recent data released by the National Bureau of Statistics (NBS) highlighted a significant downtrend in housing prices in China for the 9th and 10th consecutive months. Both primary and secondary market prices have continued to decline, reflecting a challenging period for the housing market.

Key Points:

  • Primary and secondary market prices: Declined for the 9th and 10th consecutive months.
  • Market trend: Shows a persistent slump in housing prices.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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