22 Hrs
Source:
المشهد العربي
China housing prices decline further
Housing prices in China experienced a significant decline in August, with the prices of existing homes falling faster than those of new homes. The prices of new homes in 70 cities decreased by 0.17%, while the values of resold homes dropped by 0.31%, marking a faster decline compared to the previous month. This comes amid a ongoing five-year slump in the real estate sector, as governments move toward long-term structural reforms to restore confidence and support the market in the long run.
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