China home prices continue to decline in March
China's home prices continued to decline in March 2026, with new home prices falling 2.2% in first-tier cities and existing home prices dropping 7.4%. The decline is attributed to weakening real estate investment and sluggish housing sales.
China's home prices continued to decline in March 2026. New home prices fell 2.2% year-on-year in first-tier cities, 3.3% in second-tier cities, and 4% in third-tier cities. Existing home prices also declined, with drops of 7.4% in first-tier cities, 6.2% in second-tier cities, and 6.4% in third-tier cities. Shanghai was an exception, with new home prices rising 3.7% year-on-year. The decline in home prices is attributed to weakening real estate investment, which fell 11.2% in the first three months of 2026. Despite government measures to support the housing market, the downturn continues.
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