Real Estate
China Home Prices Fall at Slower Pace After Stimulus Boost
- Used home values fall at slowest pace in more than a year
- Stimulus measures show signs of boosting residential market
New-home prices in 70 cities, excluding state-subsidized housing, dropped 0.51% from September.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China’s home-price declines abated for a second month in October, aided by the country’s recent policy support.
New-home prices in 70 cities, excluding state-subsidized housing, dropped 0.51% from September, the slowest pace since March, National Bureau of Statistics figures showed Friday. Values of used homes fell 0.48%, the least in more than a year.