FX.co ★ China New Home Prices Drop the Least in 1-1/2 Years

In September 2025, new home prices in 70 cities across China decreased by 2.2% compared to the same month the previous year. This rate of decline was a reduction from the 2.5% drop observed in August and represented the smallest decrease since March 2024. This suggests that Beijing's intervention measures are having a stabilizing effect on the property market. Despite this, September marked the 27th consecutive month of price declines. Some major cities experienced slower reductions in housing prices: Beijing's decline was -2.6% compared to -3.5% in August, Guangzhou's was -4.1% compared to -4.3%, Shenzhen's fell by -1.8% against -2.7%, Chongqing's decrease was -2.2% from -2.4%, and Tianjin's was -1.2% down from -1.8%. Notably, Shanghai maintained an upward trend with a 5.6% increase, although this was slightly lower than the 5.9% rise recorded in August. Month-on-month, housing prices dropped by 0.4% in September, the most significant monthly decline in 11 months following a steady 0.3% decrease over the prior three months. This trend underscores the urgent need for further economic stimulus to invigorate the housing market amidst persistent trade pressures from the United States.