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China's Home Prices Plunge Amid Economic Turmoil

9/17/2025

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Summary

Story summary

China's home prices fell 0.3% in August, continuing a decline since May 2023.
Property investment dropped 12.9% year-on-year in the first eight months of 2025, marking the largest decline since the pandemic.
New home sales decreased by 7.0% year-on-year, worsening from a 6.2% decline earlier this year.
Urban unemployment rose to 5.3% in August, indicating economic pressures.
Analysts expect home prices to stabilize no earlier than late 2026 or 2027.

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Story summary

China's home prices fell 0.3% in August, continuing a decline since May 2023.
Property investment dropped 12.9% year-on-year in the first eight months of 2025, marking the largest decline since the pandemic.
New home sales decreased by 7.0% year-on-year, worsening from a 6.2% decline earlier this year.
Urban unemployment rose to 5.3% in August, indicating economic pressures.
Analysts expect home prices to stabilize no earlier than late 2026 or 2027.