Translation. Region: Russian Federal
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, Aug. 15 (Xinhua) — The pace of decline in commercial housing prices in 70 large and medium-sized cities in China slowed year-on-year in July, data released by the National Bureau of Statistics (NBS) showed Friday.
In four first-tier cities – Beijing, Shanghai, Guangzhou and Shenzhen – new commercial housing prices fell 1.1 percent year-on-year, slowing by 0.3 percentage points compared with June 2025, according to the department.
In particular, the country's economic center, Shanghai, recorded a 6.1 percent year-on-year increase in new housing prices last month, the State Statistical Office reported.
In second- and third-line cities, prices for new commercial housing fell by 2.8 percent and 4.2 percent year-on-year in July this year, with the rate of decline slowing by 0.2 percentage points and 0.4 percentage points, respectively.
In monthly terms, according to the State Statistical Service, prices for new housing in four first-line cities fell by 0.2 percent compared to the June figure, while in second- and third-line cities the decline was 0.4 percent and 0.3 percent, respectively. -0-
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