BEIJING (Reuters) – China’s new home prices fell in August at the fastest pace since November 2021 as its property sector was hit by weak demand, mortgage boycotts and strict The plague of the new coronavirus epidemic – restrictions.
According to Reuters data released by the National Bureau of Statistics (NBS) on Friday.
August new home prices fell year-on-year 1.3%, the fastest pace since August
, extending July’s 0.9% decline.
The debt crisis-battered real estate sector was hit by a mortgage boycott, Because homebuyers refuse to pay for stalled projects.
