Pre-owned homes displayed for sale
at a real estate office in Chongqing on May 16, 2023.
The average price of
pre-owned housing units across 70 Chinese cities continued to slide in June
despite hundreds of government policies to prop up the sluggish real estate
market.
In first-tier cities,
average pre-owned home prices fell 0.7% from May, data published Monday by the
National Bureau of Statistics showed. The decline was 0.3 percentage points
sharper than the drop in May. Prices in second and third-tier cities dropped
0.4% last month.