Economic Buzz: China home prices extend decline as property slump persists

China?s new home prices in 70 major cities fell 3.2% year-on-year in February 2026, slightly deeper than January?s 3.1% decline, marking the 32nd straight month of contraction and the sharpest drop since last June. The figures highlight Beijing?s ongoing struggle to stabilize the prolonged property downturn, as authorities continue to rely on gradual policy support. On a monthly basis, home prices slipped 0.3%, following three consecutive months of 0.4% declines, suggesting the housing market remains under persistent pressure.

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