FX.co ★ China New Home Prices Fall the Most in 5 Months

In December 2025, new home prices across 70 cities in China experienced a year-on-year decline of 2.7%, which is a sharper decrease compared to the 2.4% drop recorded in the prior month. This latest figure marks the 30th successive month of decreasing prices and the fastest rate of decline since July, highlighting the Chinese government’s ongoing challenges in tackling the persistent downturn in the real estate market. The rate of price declines accelerated in cities such as Beijing (-2.4% compared to -2.1% in November), Guangzhou (-4.8% from -4.3%), Shenzhen (-4.4% against -3.7%), Chongqing (-2.9%, consistent with the previous month), and Tianjin (-3.0% from -2.2%). Conversely, Shanghai experienced a slight easing in prices, with a reduction of 4.8%, down from 5.1%. On a month-to-month basis, property prices fell by 0.4%, mirroring the decline seen in November.