In January 2026, new home prices in 70 Chinese cities declined by 0.4% month-over-month, and year-over-year prices fell by 3.1%, marking the steepest annual decline in seven months. Of those surveyed, 62 cities experienced price drops, reflecting an ongoing trend where home prices in China have fallen in 43 of the last 46 months, the worst streak on record. This downturn is attributed in part to a persistent oversupply in the housing market, which is expected to lead to primary property sales falling by an additional 10% to 14% this year, despite efforts from authorities to ease home-buying restrictions and support developers.
China’s home prices drop 3.1% YoY, steepest decline in 7 months
