Data released Tuesday by the National Bureau of Statistics (NBS) show that the decline in prices for commercial residential properties in the Chinese mainland’s 70 large and medium-sized cities continued to ease in June.
In four first-tier hubs—Beijing, Shanghai, Guangzhou, and Shenzhen—new home prices fell 1.4% year-on-year, narrowing the pace of decline by 0.3 percentage points from May.
"The continuous rollout of a comprehensive package of policies has significantly improved the confidence of all parties in the market," says Yu Xiaofen, dean of the China Housing and Real Estate Research Institute at Zhejiang University of Technology.
From subsidized mortgages to relaxed lending rules, recent policy measures are designed to support buyers and stabilize the market. Early indicators suggest that stronger sentiment could drive higher transaction volumes in the months ahead.
For young global citizens, entrepreneurs, and digital nomads scanning world markets for new opportunities, the easing of price drops in the Chinese mainland’s property sector offers a potentially attractive opening—one to watch as policy support keeps momentum.
Reference(s):
China's home price decline continues to ease amid policy support
cgtn.com
