China New Home Prices Fall at Slowest Pace in 8 Months

China’s new home prices across 70 cities fell 3.0% year-on-year in August 2026, slowing from a 3.2% decline in the previous month. This marked the 38th consecutive month of annual declines, though the pace of contraction was the slowest since December 2025, suggesting continued policy support is easing pressure on the property market. Among major cities, price declines moderated in Guangzhou (-1.9% vs -2.2%), Shenzhen (-2.3% vs -2.9%), Chongqing (-3.1% vs -3.7%) and Tianjin (-4.1% vs -4.4%). Beijing’s decline was unchanged at 2.3%, while Shanghai remained the standout performer, with new home prices rising 3.0%, matching July’s pace. On a monthly basis, new home prices edged down 0.1%, mirroring the declines in both July and June.

China’s new home prices across 70 cities fell 3.2% year-on-year in July 2026, following a 3.3% decline in the previous month. This marked the 37th consecutive month of annual declines, although the pace of contraction was the slowest since February, as ongoing policy support helped ease some pressure on the property market. Among major cities, prices continued to fall in Beijing (-2.3% vs -2.1% in June), Guangzhou (-2.2% vs -2.6%), Shenzhen (-2.9% vs -3.6%), Chongqing (-3.7% vs -4.2%) and Tianjin (-4.4% vs -4.6%). Shanghai remained the standout performer, with new home prices rising 3.0%, only slightly slower than the 3.1% increase in June. On a monthly basis, new home prices edged down 0.1%, matching June’s decline.

China’s new home prices across 70 cities fell 3.3% year-on-year in June 2026, easing from a 3.5% decline in the previous month. While marking the 36th consecutive month of annual declines, the latest result was the mildest contraction since February, suggesting that existing policy measures are helping stabilise the property market, though demand and confidence remain subdued. Among major cities, prices declined in Beijing (-2.1%, unchanged from May), Guangzhou (-2.6% vs. -3.3%), Shenzhen (-3.6% vs. -4.5%), Chongqing (-4.2% vs. -4.7%), and Tianjin (-4.6% vs. -4.7%). Meanwhile, Shanghai remained the standout performer, with home prices rising 3.1%, only slightly slower than May's 3.2% increase. On a monthly basis, new home prices edged down 0.1%, after a 0.2% fall in May.