BUSINESS

China Home Price Declines Ease in February as Beijing, Shanghai Post Gains

Published: Mar. 16, 2026 11:33 p.m. GMT+8

00:00

00:00/00:00

Listen to this article 1x

A property project under construction in Chaoyang district, Beijing. Photo: VCG

Home prices in Beijing and Shanghai rebounded in February, while declines across most other major cities continued to narrow, adding to signs that China’s prolonged property downturn may be stabilizing.

Among the four first-tier cities, Beijing and Shanghai led the improvement, with prices stabilizing or edging higher. Guangzhou and Shenzhen have yet to fully turn around, though the pace of declines there has also moderated.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.

Share this article

Open WeChat and scan the QR code

DIGEST HUB

Digest Hub

Back

Explore the story in 30 seconds

Home prices in Beijing and Shanghai rebounded in February 2025; Beijing’s existing-home prices rose 0.3% and new-home prices 0.2%, while Shanghai’s existing-home prices increased 0.2%.
Price declines across most major Chinese cities narrowed; average new-home prices across 70 cities fell 0.3%, easing 0.1 percentage points from January.
Relaxed property restrictions contributed to improved sentiment, especially in first-tier cities, though Guangzhou and Shenzhen have yet to fully stabilize.

AI generated, for reference only

Who’s Who

E-house China Research and Development Institution: E-house China Research and Development Institution is mentioned in the article in relation to its deputy dean, Yan Yuejin. He provided commentary on the Chinese property market, stating that the localized momentum indicates a phased improvement across the broader market, and he expects transactions to increase during the spring homebuying season.

Guangdong Planning Institute’s residential policy research center: Li Yujia, chief researcher at the Guangdong Planning Institute’s residential policy research center, noted that a surge in demand during the Lunar New Year and the absorption of lower-priced housing inventory contributed to cushioning the declines in home prices.

AI generated, for reference only