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China's home prices continue to cool in January, declines narrowing

Xinhua | Updated: 2024-02-23 10:31

Potential homebuyers look at property models in Huaian, Jiangsu province. [Photo by Chen Liang/For China Daily]

BEIJING -- Major Chinese cities reported falling home prices in January with narrowing declines, official data showed on Friday.

The National Bureau of Statistics said 56 of 70 large and medium-sized cities saw month-on-month drops in new home prices, down from 62 in December 2023, and 68 registered price declines for second-hand homes, compared to 70 in the previous month.

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