China's Real Estate Market Is In a Slump 🏘️

What We're Showing

The share of Chinese cities with month-to-month decreasing home prices and China's residential home price index (indexed to August 2021) from June 2018 to April 2025.

Data comes from World Bank, and includes 70 major Chinese cities.

China’s Urban Housing Decline

China’s property market has been experiencing an ongoing slump, showing both the falling residential home price index and the rising share of cities with month-to-month price drops.

Since 2022, weak buyer confidence, oversupply, and developer debt have driven prices downward.

Stricter government regulations on lending and a crackdown on speculative buying have also squeezed developers and limited new investment, deepening the downturn in one of China’s most vital economic sectors.