China Housing Woes Worsen as Prices Fall Most in Eight Years
- Homebuyers are deterred by uncertain outlook, analyst says
- Property slump is deepening despite stimulus measures
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China home prices fell the most in eight years in October, signaling the property slump is worsening even after the government ramped up efforts to revive demand.
New-home prices in 70 cities, excluding state-subsidized housing, declined 0.38% last month from September, when they dropped 0.3%, National Bureau of Statistics figures showed Thursday. The decrease was the steepest since February 2015.