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China’s September home price index falls, the first monthly drop in 6 years and sign of the coming winter for the real estate market

Summary:
[unable to retrieve full-text content]China’s monthly benchmark price index of new homes fell for the first time in more than six years, confirming the real estate slump that dragged the nation’s economy to its slowest quarterly growth pace since September 2020.The average cost of a new home in China fell by 0.1 per cent in September from last year, according to the price data of 70 major cities tracked by the National Bureau of Statistics (NBS) released on Wednesday. The monthly decline was the first since May 2015, in contrast to…

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[unable to retrieve full-text content]
China’s monthly benchmark price index of new homes fell for the first time in more than six years, confirming the real estate slump that dragged the nation’s economy to its slowest quarterly growth pace since September 2020.The average cost of a new home in China fell by 0.1 per cent in September from last year, according to the price data of 70 major cities tracked by the National Bureau of Statistics (NBS) released on Wednesday. The monthly decline was the first since May 2015, in contrast to…

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