New home prices in China fell by the most in six years in October, as analysts warned a deeper correction is yet to come.The average price across 70 cities dropped 0.25 per cent from the previous month, according to figures released by the National Bureau of Statistics on Monday. That was much larger then the 0.08 per cent decline in September and the biggest monthly drop since 2015.Fifty-two of the 70 cities tracked saw new homes prices slide, while the cost of a lived-in home declined in 64…
Source : South China Morning Post
Read more…Worst yet to come for China’s housing market as new home prices fall by most in 6 years
