Reported 25 days ago
China's home prices saw a greater decline in August as the effects of recent government housing stimulus wane. New-home prices dropped by 0.73%, while used-home values fell by 0.95%. Despite efforts to boost buyer demand through lower mortgage costs and relaxed purchasing restrictions, the continued downturn in property values and buyer hesitance have hindered sales and raised concerns about the government's economic growth targets.
Source: YAHOO