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Chinese Housing Prices in Major Cities Post First Increase in 18 Months
Published on: 2023-03-17
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China’s home prices rose for the first time in a year and a half, as favourable government policy restored some confidence to the beleaguered market.

The average price of a new home in 70 medium and large cities in mainland China edged up 0.3 per cent in February, after staying essentially flat in January, according to data released by the National Bureau of Statistics on Thursday.

Prices in 55 of the 70 cities tracked saw a monthly increase in February – 19 more than in the previous month – while lived-in home prices rose in 40 cities versus 13 in January, the latest data showed.





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