China Home Prices Fall 0.2% in 70 Cities as May Setback Halts Recovery
Updated
Updated · Bloomberg · Jun 16
China Home Prices Fall 0.2% in 70 Cities as May Setback Halts Recovery
3 articles · Updated · Bloomberg · Jun 16
Summary
New-home prices in 70 Chinese cities fell 0.2% in May from April, a slightly faster decline than April’s 0.19% drop and a setback to the early-2026 stabilization.
Resale home prices, a less policy-distorted gauge of demand, slid 0.26% from April—the steepest monthly fall in three months.
National Bureau of Statistics data released Tuesday suggest the green shoots seen at the start of the year have faded, undermining hopes that the property market was beginning a sustained revival.