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More Chinese cities report falling home prices in October

Xinhua | Updated: 2023-11-16 11:06

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Homebuyers look at property models in Taiyuan, Shanxi province. [PHOTO by WEI LIANG/CHINA NEWS SERVICE]

BEIJING - More Chinese cities reported falling home prices in October, official data showed Thursday.

The National Bureau of Statistics said 56 of 70 large and medium-sized cities saw month-on-month drops in new home prices, up from 54 in September, and 67 registered price declines for second-hand homes, compared to 65 in the previous month.

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