China's New Home Prices Fall 0.19% in April, Smallest Drop in 1 Year
Updated
Updated · Bloomberg · May 18
China's New Home Prices Fall 0.19% in April, Smallest Drop in 1 Year
1 articles · Updated · Bloomberg · May 18
New-home prices in 70 Chinese cities fell 0.19% from March in April, marking a third straight month of easing declines and the smallest drop in a year.
National Bureau of Statistics data pointed to broader stabilization in the housing market, with the slowdown in price falls reinforcing hopes the prolonged property downturn is nearing a bottom.
Resale home prices, a less policy-distorted gauge of demand, slipped 0.23% from March, their mildest decline since March 2025.
The April figures suggest China's multi-year real estate slump may be losing momentum, though prices in both new and existing homes are still falling.
Is China's plan to buy unsold homes a real recovery or just delaying a much larger collapse?
As Beijing overhauls its property market, who will be the winners and losers in China's new economy?