For the 25th consecutive month in July, new housing prices fell. In the 70 largest cities in the country, their price fell by an average of 2.8% year-on-year, according to data from the National Bureau of Statistics of China. For comparison, the decline in June was 3.2% compared to June 2024.
In Beijing, the decline in the segment was 3.6% year-on-year, in Guangzhou - 4.6%, in Shenzhen - 2.2%. It is impressive that for the period under review in Shanghai, which is the largest city in China, the value per square meter of residential area in new construction recorded an increase of 6.1%.
Investments in real estate for the first half of the current year in China amounted to 751 billion USD. The majority are in the residential segment.
At the end of 2024, the Chinese government implemented a number of measures to limit the depreciation of property. Adopted a package of measures aimed at stimulating investment, faster renovation of old urban areas, increasing the supply of affordable housing and, last but not least, financial support for entrepreneurs.
Detailed statistics on average property prices in Bulgaria by city and neighborhood can be found at imot.bg