Home Prices Decrease in September

(Beijing) -- Home prices for 100 Chinese cities lowered by 0.03 percent in September from August, marking the first decrease in a year, real estate research house China Index Academy (CIA) said in a report October 8.

But on a year-on-year basis, home prices in the 100 cities still grew 6.15 percent to 8,877 yuan per square meter on average last month, said the consultancy.