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2026-04-01 08:26:19 The China Index Academy released a report indicating that according to the China Real Estate Index System's survey data on the sales markets of new and second-hand residential properties in 100 cities nationwide and the rental markets in 50 cities, in March 2026, the 'early spring' market trend appeared in core cities, combined with stabilized owner expectations. The average price of second-hand homes in 100 cities was RMB12,792 per square meter, down 0.34% month-on-month, with the decline narrowing by 0.2 percentage points from the previous month, marking the third consecutive month of narrowing; it fell 8.55% year-on-year. Among core cities, the listing price of second-hand homes in Shanghai rose month-on-month, ending a 33-month decline. Regarding new homes, there was an increase in property launches by developers in March, with high-end improvement projects entering the market in cities like Hangzhou, Shanghai, and Guangzhou, leading to a structural month-on-month increase in new home prices in 100 cities. The average price of newly built homes was RMB17,115 per square meter, up 0.05% month-on-month and 2.24% year-on-year. In terms of rental housing, the post-Spring Festival return-to-work wave led to a concentrated release of rental demand. The average monthly rent per square meter in 50 cities was RMB34, up 0.09% month-on-month, but down 3.65% year-on-year. (ta/w) AASTOCKS Financial News Website: www.aastocks.com | |