New house prices in China recorded a decline for the 39th consecutive month, according to the country's most recent data. This prolonged decline reflects the persistent difficulties in the Chinese real estate market, which has faced significant challenges in recent years.
The analysis covered 70 Chinese cities, of which 49 recorded declines in new house prices. This number represents an aggravation compared to July, when 47 cities had shown price reductions.
Conversely, 15 cities showed increases in new house prices during the analyzed period, suggesting that some areas of the country continue to demonstrate some resilience in the real estate sector.
The sustained downward trend in new housing prices in China has been concerning authorities, who have implemented various measures to try to boost the real estate market and reverse this downward trajectory.




