China’s housing market remained under pressure in February 2026, as residential property prices fell 3.2% year-over-year, according to data updated on 16 March 2026. The decline deepened slightly from January 2026, when prices were down 3.1% compared with a year earlier.
The February reading marks a continued year-over-year contraction in house prices, with the pace of decline edging lower rather than stabilizing. The figures compare the change in prices each month to the same month a year before, indicating that, despite policy efforts in recent years to shore up the property sector, China’s housing market has yet to show a clear turnaround in annual price performance.
