New house prices in China fell in August for the 39th consecutive month, representing a sustained decline spanning more than three years. This drop extends the real estate crisis that has affected the country since 2021.
Although the downward trend continues, the data indicates that the pace of decline has slowed slightly compared to previous months, suggesting a possible gradual stabilization of the market.
In contrast, existing home prices recorded a sharper decline than new homes, showing even greater pressure on the second-hand property segment.
The real estate crisis in China continues to be one of the country's main economic challenges, affecting both the construction sector and consumer confidence as well as the financial markets.
