Chinese New Homes Prices Fall for Sixth Straight Month in Melting Property Market

With all the noise China is making about rescuing its deflated property market the evidence of the depth Chinese developer and housing collapses were gaining momentum. It was the sixth straight month of decrease in new home prices, the steepest pace in the sequence, and the fastest fall since August 2015. China’s Average new home prices in China’s 70 major cities dropped another 1.6 percent year-on-year in October 2022. The fall follows on from a 1.5 percent decline the prior … Continue reading “Chinese New Homes Prices Fall for Sixth Straight Month in Melting Property Market”