Caixin
Aug 04, 2022 04:00 AM
ECONOMY

Chinese Housing Prices Slide Again in July

Pre-owned homes displayed for sale at a real estate office in Shanghai June 16, 2022.
Pre-owned homes displayed for sale at a real estate office in Shanghai June 16, 2022.

The average price of pre-owned housing units across 100 Chinese cities slid again in July in defiance of hundreds of government policy moves to prop up the collapsing real estate market. Home values fell the most in smaller cities.

In the 100 cities, average housing prices fell 0.09% from June to 16,012 yuan ($2,370) per square meter last month, according to the China Index Academy. The decline was 0.07 of a percentage point sharper than the drop in June. Sixty-nine of the 100 cities reported price declines in July, 11 more than in June.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST
Caixin China Biz Roundup: Hong Kong ‘Homecoming’ Listings
00:00
00:00/00:00