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China's home prices continue to stabilize in April(Xinhua) 10:29, May 19, 2025
BEIJING, May 19 (Xinhua) -- Commercial home prices in major Chinese cities continued to stabilize in April, official data showed on Monday.
A survey by the National Bureau of Statistics (NBS) showed home prices in 70 major cities stayed flat or dipped in April compared with the previous month. The prices continued to fall on a yearly basis, but the pace of decline further eased.
New home prices in first-tier cities, namely Beijing, Shanghai, Guangzhou and Shenzhen, fell 2.1 percent year on year in April, compared with a decline of 2.8 percent registered in March.
New home prices in these cities remained flat compared with the previous month, while second-hand home prices edged down 0.2 percent from March, according to the NBS data.
Home prices in other major cities monitored by the NBS also posted narrowed price declines compared with one year earlier.
(Web editor: Tian Yi, Liang Jun)
