CAUSE
One question. One truth.
“Why are housing prices falling in China?”
China's housing price decline stems from structural oversupply and a severe demand contraction. This is driven by a prolonged property market downturn and tightening local government controls on new supply and inventory management.
High confidenceStructural
CURRENT STATE
New home prices across 70 cities in China have fallen for 31 consecutive months, with year-on-year declines exceeding 3% in early 2026. Secondary home prices have dropped even more sharply. Property investment fell 17.2% in 2025, sales plunged, and developers reported losses.
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