70 Cities New Property Prices Drop 3.2% - Worst in 8 Months

SighingCashier · 2026-03-16T19:11:42+00:00

On March 17, 2026, the new home price index for 70 major cities in mainland China declined 3.2% year-over-year in February, marking the largest drop in 8 months, with year-over-year declines expanding for four consecutive months, indicating continued deterioration in the overall market.

SighingCashier

2026-03-16 19:11:42

Abstract generation in progress

March 17, 2026

70 cities’ new home prices drop 3.2%, worst in 8 months

======================================================

Mainland China’s real estate market continues to decline. In February, first-hand home prices benefited from increased property viewing during the Spring Festival holiday, leading to a narrower month-on-month decline but a wider year-on-year decrease. According to data from the National Bureau of Statistics, the February price index for new commercial residential properties in 70 large and medium-sized cities fell 3.2% year-on-year, an increase of 0.1 percentage points from January. This marks the fourth consecutive month of expanding annual decline, the largest drop in 8 months, and has been declining for 32 consecutive months. Month-on-month, prices decreased by 0.3%, a larger decline than in January.

(Excerpt)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes