China November new house prices -0.4% m/m and -2.4% y/y

  • China November house prices continue the vicious downward spiral
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China November 2025 house prices

China New Home Prices -0.39% m/m

  • prior –0.45%
  • for the y/y, -2.4% (prior -2.2%)

Used Homes Prices -0.66% m/m

  • prior –0.66%

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I seem to write something like this every month ... This is a self feeding vicious cycle. Why buy a home when the price will soon fall? The indebted property sector continues to weigh on the Chinese economy. Stimulus and surprisingly resilient exports are a counter balance of sorts.

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Earlier:

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And, plenty of data to come from China soon:

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