China new home prices fall at slower pace in December


By:  Reuters
08:51 01/14/2022

BEIJING (Reuters) - China's new home prices fell at a slower pace in December than a month earlier, official data showed on Saturday, indicating stabilising demand driven by marginal easing on financing curbs and promotions by property developers.

Average new home prices in China's 70 major cities declined 0.2% in December from a month earlier, slower than a 0.3% drop in November, according to Reuters calculations of data released by the National Bureau of Statistics (NBS).

China's property market has slowed since June 2021 as regulators stepped up their deleveraging campaign against the bloated sector, triggering defaults at some heavily indebted companies.



(Reporting by Liangping Gao and Andrew Galbraith; Editing by Muralikumar Anantharaman)


This article has been provided by a DearWallstreet contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of DearWallstreet.