ChinaChina house prices slide in February despite support measures – Shocking Decline Hits Real Estate Market!
Beijing, China – Despite recent support measures, house prices in China continued to decline in February. The National Bureau of Statistics reported that new home prices fell by 0.3% in first-tier cities such as Beijing and Shanghai on a month-to-month basis. Additionally, prices in second-tier cities saw a 0.3% decrease, while in third-tier cities, prices dropped by 0.4% compared to January. Year-on-year, new home prices in first-tier cities saw a 1% decrease, attributed to a …