FX.co ★ China New Home Prices Drop the Least in 9 Months

In March 2025, new home prices across 70 cities in China experienced a year-on-year decline of 4.6%. This represents a slight improvement from the 4.8% decrease noted in February. Despite being the 21st consecutive month of declining prices, this marks the mildest slowdown since June of the previous year as the country undertakes renewed measures to stabilize the property market. Among major cities, Beijing saw a continued drop in home prices, falling by 5.7% compared to a 5.5% fall in February. Guangzhou experienced a smaller decline of 7.2%, down from 7.6%, while Shenzhen, Tianjin, and Chongqing also recorded decreases of 3.9%, 2.2%, and 5.5%, respectively. Conversely, Shanghai bucked the trend, with prices increasing further to 5.7% from 5.6%. On a monthly basis, new home prices saw a marginal decline of 0.08%, closely mirroring the 0.1% dip observed in the prior month.