2025.09.1501:40:37UTC+00China New Home Prices Fall the Least in 17 Months

In August 2025, new home prices across 70 cities in China fell by 2.5% compared to the same time last year, showing a slight improvement from the 2.8% decrease observed in the previous month. This decline marked the 26th consecutive month of falling prices, although it was the smallest drop since March 2024. The slower decline can be attributed to Beijing's ongoing support measures aimed at mitigating the enduring property slump. Major cities continued to see price contractions, with Beijing experiencing a 3.5% drop compared to July's 3.6%, Guangzhou declining by 4.3% versus 4.6%, Shenzhen at 2.7% against 2.2%, Chongqing at 2.4% compared to 2.1%, and Tianjin at 1.8% compared to 1.9%. Shanghai, however, was an exception, as prices increased by 5.9%, slightly down from a 6.1% rise in July. On a month-to-month basis, prices decreased by 0.3% for the third consecutive month, indicating ongoing weak demand.