China New Home Prices Decline for December as Annual Drop Reaches Five Month High

China new home prices fell 2.7 percent annually in December as 2025 property investment dropped 17.2 percent. This decline impacts dozens of local industries.

Insights:
China new home prices declined 0.4 percent month-on-month in December 2025, matching the pace recorded in November. However, the annual figures showed an acceleration in the downturn, with prices falling 2.7 percent year-over-year compared to a 2.4 percent decline in the previous month. This December drop represents the fastest annual decline in five months, signaling persistent weakness in the property sector across CN CNCN despite ongoing government attempts to stabilize the market.
Residential buildings under construction in Beijing, China, on October 16, 2025. REUTERS/Tingshu Wang
Residential buildings under construction in Beijing, China, on October 16, 2025. REUTERS/Tingshu Wang
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