Story perspectives
China's Home Prices Drop Again Amid Weak Demand
1/19/2026
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Story summary
- New home prices in mainland China fell 0.4% in December, matching November's decline.
- Year-on-year prices fell 3%, worse than the 2.8% drop in November.
- Only six of 70 cities saw month-on-month gains.
- Li Yujia of the Guangdong Housing Policy Research Institute notes that employment and consumption issues hinder household spending.
- Morgan Stanley predicts challenging home sales in 2026 due to high inventory and weak buyer sentiment.
