China Home Prices Rise for Second Month as Market Stabilizes
- New and secondary house prices climb from month earlier
- China post-Covid recovery depends on rebound in home prices
Residential buildings in Beijing.
Source: Bloomberg
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China’s home prices rose for a second consecutive month in March, adding to signs that the country’s real estate sector is stabilizing.
New home prices in 70 cities, excluding state-subsidized housing, increased 0.44% from a month earlier, after rising 0.3% in February, the National Bureau of Statistics reported Saturday. Price gains expanded to 0.26% in the secondary market, after climbing 0.12% a month earlier.