China resale home prices fall faster in June, shows private survey

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June 30, 2026 11:29 PM EDT

Construction workers at a building site in Shanghai, China, June 12, 2026. REUTERS/Go Nakamura

BEIJING, July ‌1 (Reuters) - China's ​resale ​home prices fell at a faster pace ‌in June, a private survey ⁠showed on Wednesday, as the ‌country's prolonged property ‌downturn continued to weigh on market confidence.

• Average resale ​home prices across 100 cities dropped 0.42% month-on-month ⁠in June, quickening from a 0.32% decline ​in May, according to China Index Academy, one of ​the country's largest ‌real estate data providers.

• New home prices ⁠rose 0.16% in June from a month earlier, matching May's ⁠pace.

• Real estate policies in the ​second half of the year would likely continue to focus on ‌both supply and demand-side support with near-term new-home ‌sales still under pressure, ⁠the firm ‌said.

(Reporting by ​Liangping Gao and Ryan Woo; Editing by Shri ‌Navaratnam)


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