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Home Price Decline Accelerates in First-Tier Cities in April

Apartment blocks are built in Chengdu, Sichuan province on May 15. Photo: VCG
Apartment blocks are built in Chengdu, Sichuan province on May 15. Photo: VCG

Prices of new and existing homes in four first-tier cities fell faster in April on an annual basis than they did in March, the National Bureau of Statistics (NBS) said Wednesday.

In in the southern city of Shenzhen, new home prices slid 2.2% in April from a year earlier, while prices fell 0.8% in Guangzhou, 0.7% in Beijing and 0.2%, in Shanghai, according to NBS data.

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