May 18, 2022 03:52 PM

FINANCE

China Housing Prices Fall for Eighth Month Amid Lockdowns

China's new-home price slump deepened in April Chart: Bloomberg

China's new-home price slump deepened in April Chart: Bloomberg

(Bloomberg) — China’s home prices fell for an eighth month in April as measures to alleviate the real estate downturn failed to revive buyer confidence amid Covid outbreaks.

New home prices in 70 cities, excluding state-subsidized housing, dropped 0.3% from March, the fastest decline in five months, National Bureau of Statistics figures showed Wednesday. Values slid year-on-year for the first time since 2015.

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