China's housing prices keep sliding for 11th straight month

Business Dec 15, 2025

China's new home prices dropped again in November—down 0.4% from October and 2.4% compared to last year.
This continued decline shows that demand is still weak even with government attempts to boost the market.
The dip isn't just in big cities—it's happening everywhere.

Why this matters (and what's being done)

China's property market has been struggling since mid-2021, with falling sales and a supply glut causing worries about household wealth.
In November, price cuts hit all city tiers, with declines of 5.8%, 5.6%, and 5.8% year-on-year.
The IMF thinks fixing things could take serious government spending—about 5% of China's GDP over three years—and is urging more action to help stabilize things and support the economy.