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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, March 16 (Xinhua) — The pace of decline in commercial housing prices in 70 large and medium-sized cities in China generally slowed in February 2026 compared with January 2026, official data released by the National Bureau of Statistics (NBS) showed Monday.
Last month, new commercial housing prices in four leading cities—Beijing, Shanghai, Guangzhou, and Shenzhen—were flat month-on-month. In January, they fell by 0.3 percent month-on-month.
In February, prices for existing housing in the four aforementioned first-tier cities fell by 0.1 percent compared to the previous month, and the rate of decline in this indicator slowed by 0.4 percentage points compared to January of this year.
In second- and third-tier cities, prices for new commercial housing in February fell month-on-month by 0.2 percent and 0.3 percent, respectively, while prices for existing housing fell month-on-month by 0.4 percent and 0.5 percent, respectively. The rate of decline for all these indicators slowed by 0.1 percentage points compared to the previous month.
According to the government work report, China will make unremitting efforts to ensure the stability of the real estate market, implementing policies in accordance with the actual conditions of specific cities to control growth, reduce oversupply, and optimize the supply structure.
The report states that the country will take targeted steps to promote the construction of high-quality, safe, comfortable, environmentally friendly, and smart housing, and will implement a program to improve the quality of residential premises, as well as measures to improve the quality of housing and public services.
The report also notes that efforts will be made to strengthen housing provision for families in which each spouse is getting married for the first time and becoming a parent for the first time, as well as to provide support to large families in improving their housing conditions. -0-
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