China Home Prices Fall as Slump Shows Few Signs of Abating
- Price declines continued in both new, existing-home markets
- Developers remain cash-strapped and refrain from spending
China’s top leadership has grown increasingly alarmed about the property crisis and the sluggish economy.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China’s home prices continued to fall in March, adding pressure on authorities to step up efforts to support the embattled real estate market.
Price declines deepened from a year earlier for both new and used homes, even as they eased slightly on a month-on-month basis, National Bureau of Statistics figures showed Tuesday.