Real Estate
China Home Prices Fall at Slower Pace in ‘Fragile’ Recovery
- Smallest decline in prices of new residences since June 2023
- Government has pledged to stabilize struggling housing market
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China’s home-price declines eased for a third month in November, suggesting values are beginning to stabilize as policymakers step up efforts to end the property slump.
New-home prices in 70 cities, excluding state-subsidized housing, dropped 0.2% from October, the smallest decrease in 17 months, National Bureau of Statistics figures showed Monday. Values of used homes fell 0.35%, the least since May 2023.