China city home prices slow decline

Housing prices in major Chinese cities saw a less severe decline in August 2026. New home prices fell by 0.9% year-on-year, representing a 0.2 percentage point decrease compared to the previous month. Meanwhile, secondary home prices dropped by 2.7%, narrowing the gap from July's decline of 3.7%. In second- and third-tier cities, monthly price declines slowed, and home prices in top-tier cities rose during August. Out of 70 major cities, 21 experienced stability or increases in new home prices, while in eight cities, prices for secondhand homes either stabilized or rose, indicating a continued limited market downturn.

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