Home Prices in Major Chinese Cities Fell in December — Update
China's property malaise stretched into the final month of 2025, wrapping up a year marked by persistent weak domestic demand as the housing crisis dragged on.
Home prices in China's 70 biggest cities fell 3.05% in December from a year earlier, widening from the 2.78% drop in November, according to calculations by The Wall Street Journal based on data released by the National Bureau of Statistics on Monday. Of the 70 cities, 65 reported a year-on-year decline last month, up from November's 64.
Meanwhile, when compared with the prior month, home prices in those cities dropped 0.37% in December, compared with a 0.39% fall recorded in November. For December, there were 58 cities reporting month-on-month price declines, compared with 59 in the prior month.
The country's new home sales by value fell 13.0% in 2025, widening from the 11.2% drop in the first 11 months of 2025, the National Bureau of Statistics said Monday.
Property investment fell 17.2% in 2025, worsening from a 15.9% decline in the January-November period. New construction starts by property developers dropped 20.4% for the full year, versus the 20.5% decline recorded over the first 11 months of 2025.
Write to Singapore Editors at singaporeeditors@dowjones.com
(END) Dow Jones Newswires
January 18, 2026 21:33 ET (02:33 GMT)
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