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China June new house prices -4.5% y/y (prior -3.9%)

2024-12-30FOREXLIVEFOREXLIVE
For the m/m June is -0.7% (prior -0.7%)

China new home prices continue their slump. Despite all the support measures being provided for the sector recovery is not yet in sight.

On a brighter note used home prices dropped 0.85% m/m, slightly slower than the drop in May.

Still to come:

  • Economic calendar Asia Monday, 15 July 2024 - Chinese economic activity data, also Q2 GDP
china property house 13 February 2024 2

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