Good news for those eyeing property in China’s bustling first-tier cities! 🏙️ According to the latest data from the National Bureau of Statistics, home prices in Beijing, Shanghai, Guangzhou, and Shenzhen edged up by 0.1% in January. This modest rise signals a continued stabilization in the housing market, a welcome sign for both buyers and investors.
But that's not all! Second-tier cities also showed some positive movement. Newly built homes saw a 0.1% increase month-on-month, marking the first uptick since June 2023. While second-hand housing took a tiny dip of 0.3%, it remained consistent with last month’s trend.
Overall, the year-on-year decline in home prices across first, second, and third-tier cities is narrowing, hinting at a potentially healthier market ahead. Whether you're a news enthusiast, a young entrepreneur, or someone keeping an eye on real estate trends, this update is sure to keep you informed and inspired! 🌟
Reference(s):
cgtn.com
