Despite supportive measures from Beijing, China's new home prices continued their decline in August, falling at the fastest pace since May 2015. The government is considering further action, such as cutting interest rates on mortgages, to stimulate the struggling property sector.
BEIJING - China 's new home prices fell at the fastest pace in more than nine years in August, official data showed on Saturday, as supportive measures failed to spur a meaningful recovery in the property sector.
Despite Beijing's extensive supportive measures aimed mostly at revitalising demand in major cities, property markets continue to remain subdued. Luminate Streaming Ratings: ‘Rings of Power’ Falls to No. 4 as ‘Perfect Couple’ Leads With 3.4 Billion Minutes Watched
China Property Market Housing Prices Economy Interest Rates
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China new home prices rise more slowly in August, survey showsPrices of new homes in China rose at slower pace in August, a private survey showed on Sunday, as the crisis-hit property sector struggles to find its bottom...
Read more »
China new home prices rise more slowly in August, survey showsPrices of new homes in China rose at slower pace in August, a private survey showed on Sunday, as the crisis-hit property sector struggles to find its bottom...
Read more »
Average home prices climb in Lethbridge as buyers seek lower pricesThe price to buy a home in Lethbridge has jumped by more than 19 per cent over the past year, statistics indicate.
Read more »
New home prices edge up slightly in July, first annual increase in 15 months: StatCanThe cost of a new home in Canada was up 0.1 per cent in July compared to a year earlier, the first annual increase since March 2023, according to Statistics Canada.
Read more »
In New Orleans, nonprofits see new money and new inclusive approach from the NBA FoundationNEW ORLEANS (AP) — A classic summertime scene unfolded at a nonprofit's newest site. The girls' team was winning a lively indoor kickball game among young...
Read more »
In New Orleans, nonprofits see new money and new inclusive approach from the NBA FoundationNEW ORLEANS (AP) — A classic summertime scene unfolded at a nonprofit's newest site. The girls' team was winning a lively indoor kickball game among young...
Read more »