China's Second-hand Home Prices Decline for Seventh Consecutive Month

Reported about 5 hours ago

In February, the average price of second-hand homes in 100 Chinese cities dropped 0.4% month-on-month, marking the seventh month of decline, according to a real estate research institute. Despite the year-on-year decrease of 7.3%, new home prices rose by 2.7%. A potential 'Mini Spring' rally is anticipated in March due to increasing property transactions and policy support aimed at reviving the market.

Source: YAHOO

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